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Banking on Climate Chaos 2022 - Coal mining. Photo: Rainforest Action Network (RAN)
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Banking on Climate Chaos 2022 - Coal mining. Photo: Rainforest Action Network (RAN)

Go to coal mining policy table Go to coal mining exclusion table

Coal mining

Coal is a carbon-rich, highly energy-dense black rock that mankind has mined at scale since the middle of the 19th century, when it powered the Industrial Revolution. Electricity produced by coal has the highest climate impact of all types of fossil fuels. A distinction is often made between thermal coal (or steam coal), which is used to produce electricity, and metallurgical coal (or coking coal), which is burned at a high temperature to make steel. Unlike oil and gas, where a well needs to be drilled for extraction, coal can often be mined from the surface or the shallow subsurface. Therefore, coal mines have a particularly high impact on the landscape, vegetation, (ground)water and health of the local population. Downstream regions are often polluted with sulphuric acid and a whole range of heavy metals and toxins. Two types of coal mining with a particular heavy impact on the environment are mountaintop removal mining, which involves the removal of mountaintops to expose coal seams, and open pit lignite (or brown coal) mining, which creates mines that are many kilometres in diameter and extracts coal with higher emissions per unit of energy generated.

While coal and coal mining has been on the decline in the US and Europe for the past decade, many new coal mines and coal power plants are being planned and constructed in Asia, Africa and South America.

Banks and coal mining

The severity of the climate crisis requires that banks must urgently take steps to disengage from financing all business activities and projects that continue the world's reliance on fossil fuels. Banks must therefore end support for all new coal mining projects and implement a full phase-out for financing coal mining projects in line with the Paris climate agreement.

The world’s biggest financiers of coal mining are all Chinese banks, with Industrial Bank being the biggest, financing coal mining to the tune of USD 14 billion since the signing of the Paris Climate Agreement (2016-2021). Number two to five are China CITIC Bank, China Construction Bank, China Everbright Bank, and Bank of China.

Coal power and coal mining have been the most opposed type of fossil fuel by NGOs, local communities and many governments. Since 2010, many banks have implemented restrictions on financing coal mining, infrastructure and power plants. Bank policies on coal mining are assessed below. These assessments follow the methodology of our Banking on Climate Chaos 2021 report, published in March 2021. The details section in the table contains further detail on the exact scoring per bank, as well as an overview of relevant policies. 

See here for banks' exposure to the coal mining sector in 2016-2021.

Bank policy scores on coal mining

BankLast update
Country
Score
Ranking
Details
ABN AMRO
2020-03-01
NLD
14
Follower

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0
Netherlands
Profile
Score
Follower
14
20200301
Last update: 2020-03-01
Explanation

Total: 14 points out of 32

6 points for a strong exclusion of coal mining projects: ABN AMRO prohibits direct finance for the acquisition or building of thermal coal mines, and mountaintop removal (MTR) coal mines.

8 points for a strong exclusion threshold for coal mining companies: ABN AMRO prohibits financing for companies with greater than 25% revenue from thermal coal mining.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2018-11-30 00:00:00

Exclusion list out of date

2018-11-30 00:00:00
csr policiesprivate
2018-06-30 00:00:00

Sector policy for metals & minerals out of date

2018-06-30 00:00:00
Agricultural Bank of China
2021-03-24
CHN
0
Laggard

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0
China
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 32

See: Policy scores Excel sheet

ANZ
2021-03-24
AUS
8.5
Follower

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0
Australia
Profile
Score
Follower
8.5
20210324
Last update: 2021-03-24
Explanation

Total: 8.5 points out of 32

4 points for a moderate exclusion of coal mining projects: ANZ prohibits direct financing for new and expanding coal mines where reserves or production are at least 35% thermal coal.

1.5 points for the commitment to reduce exposure to coal mining companies: ANZ will limit finance to existing customers who have more than 50% thermal coal exposure if they do not have a diversification strategy by 2025, and the bank will reduce their exposure over time. By 2030, the exposure threshold for companies will be reduced to 25%. 

3 points for a weak exclusion threshold for coal mining companies: ANZ prohibits lending to new coal mining clients with material thermal coal exposures, meaning more than 10%.

See: Policy scores Excel sheet

Relevant policies
bank documents
2020-11-06 00:00:00

ANZ 2020 ESG Supplement

2020-11-06 00:00:00
csr policiesprivate
2019-11-30 00:00:00

Energy policy out of date

2019-11-30 00:00:00
References
2020-10-29

ANZ 2020 policy update analysis

2020-10-29 | Market Forces
Bank of America
2021-03-24
USA
12
Follower

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0
United States
Profile
Score
Follower
12
20210324
Last update: 2021-03-24
Explanation

Total: 12 points out of 32

6 points for a strong exclusion of coal mining projects: Bank of America prohibits direct financing for new thermal coal mines or the expansion of existing mines.

3 points for the commitment to reduce financing to coal mining companies: Bank of America commits to phase out all financing (including underwriting and M&A advisory services) for companies that derive 25% or more of their revenue from thermal coal mining, with some exceptions for companies proving they are transitioning in alignment with the Paris Agreement. This commitment is not considered a weak phase-out commitment because it does not apply to a broad enough swath of the coal mining sector.

3 points for a weak exclusion threshold regarding coal mining companies: Bank of America does not provide any financing to any companies involved in MTR mining.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2019-04-18 00:00:00

Coal Policy out of date

2019-04-18 00:00:00
csr policiesprivate
2021-02-05 00:00:00

Environmental and social risk policy framework out of date

2021-02-05 00:00:00
Bank of China
2021-03-24
CHN
0
Laggard

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0
China
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 32

See: Policy scores Excel sheet

Bank of Communications
2021-03-24
CHN
0
Laggard

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0
China
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 32

See: Policy scores Excel sheet

Bank of Montreal (BMO)
2021-03-24
CAN
5
Laggard

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0
Canada
Profile
Score
Laggard
5
20210324
Last update: 2021-03-24
Explanation

Total: 5 points out of 32

2 points for a weak exclusion of coal mining projects: Bank of Montreal prohibits lending for new greenfield coal mines or significant expansions.

3 points for a weak exclusion of coal mining companies: Bank of Montreal's prohibition on financing clients that get >60% of their revenue from coal mining applies to new clients only.

See: Policy scores Excel sheet

Barclays
2021-03-24
GBR
12
Follower

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0
United Kingdom
Profile
Score
Follower
12
20210324
Last update: 2021-03-24
Explanation

Total: 12 points out of 32

6 points for a weak exclusion of coal mining projects: Barclays does not provide project finance for the development of greenfield thermal coal mines anywhere in the world. It also does not provide general corporate financing that is specified as being for new or expanded coal mining development.

3 points for the commitment to reduce finance to coal mining companies: From 2020 onwards, Barclays will not provide any financing to clients that generate more than 50% of revenue from thermal coal activities (mining and/or coal fired power generation); By 2025, Barclays will no longer provide any financing to clients that generate more than 30% of revenue from thermal coal activities; By 2030, Barclays will no longer provide any financing to clients that generate more than 10% of revenue from thermal coal activities.

3 points for a weak exclusion threshold regarding coal mining companies: Barclays will not provide any financing to clients that generate more than 50% of revenue from thermal coal activities (mining and/or coal fired power generation).

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2020-04-30 00:00:00

Position on climate change out of date

2020-04-30 00:00:00
csr policiesprivate
2019-01-14 00:00:00

Energy and Climate Change Statement out of date

2019-01-14 00:00:00
BBVA
2021-03-24
ESP
17
Front runner

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0
Spain
Profile
Score
Front runner
17
20210324
Last update: 2021-03-24
Explanation

Total: 17 points out of 32

4 points for a moderate exclusion of coal mining projects: BBVA prohibits direct financing for new coal mines and coal mine expansions, including MTR mines, but allows exceptions for existing mines or expansion of coal mines for countries with high levels of imported energy.

8 points for a strong phase-out commitment regarding coal mining companies: BBVA targets zero exposure to coal clients by 2030 in the developed countries and by 2040 globally.

5 points for a moderate exclusion threshold for coal mining companies: BBVA prohibits financing for companies of which more than 25% of its activity consists of coal mining, but allows exceptions for companies with a diversification strategy.

See: Policy scores Excel sheet

References
2021-3-5

BBVA announces coal phase-out

2021-3-5 | BBVA
BNP Paribas
2021-03-24
FRA
30
Leader

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0
France
Profile
Score
Leader
30
20210324
Last update: 2021-03-24
Explanation

Total: 30 points out of 32

6 points for a strong exclusion of coal mining projects: BNP Paribas prohibits financing for thermal coal mining projects.

8 points for a strong exclusion of companies expanding coal mining (coal mine developers): BNP Paribas does not provide any financial products or services to companies that develop or are planning to develop thermal coal extraction capacities (new mines or expansion of existing ones).

8 points for a strong phase-out commitment regarding coal mining companies: BNP Paribas does not provide any financial products or services for mining companies that do not have a strategy to exit from thermal coal activities by 2030 for European Union and OECD countries and 2040 for the rest of the world.

8 points for a strong exclusion threshold regarding coal mining companies: BNP Paribas will not provide any financial products or services to mining entities that are producers of coal extracted from Appalachian MTR operation; and to mining entities and that do not have a strategy to exit from thermal coal activities by 2030 for EU and OECD countries and 2040 for the rest of the world. The bank will not finance mining entities that belong to groups that produce more than 10 million tons of thermal coal per year or generate more than 20% of their revenues from thermal coal.

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-07-22 00:00:00

Coal mining - sector policy

2020-07-22 00:00:00
References
2020-7-22

BNP Paribas close to adopting global coal exit policy

2020-7-22 | Reclaim Finance
Canadian Imperial Bank of Commerce (CIBC)
2021-03-24
CAN
0
Laggard

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0
Canada
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 32

See: Policy scores Excel sheet

China CITIC Bank
2021-03-24
CHN
0
Laggard

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0
China
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 32

See: Policy scores Excel sheet

China Construction Bank
2021-03-24
CHN
0
Laggard

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0
China
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 32

See: Policy scores Excel sheet

China Everbright Bank
2021-03-24
CHN
0
Laggard

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0
China
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 32

See: Policy scores Excel sheet

China Merchants Bank
2021-03-24
CHN
0
Laggard

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0
China
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 32

See: Policy scores Excel sheet

China Minsheng Bank
2021-03-24
CHN
0.5
Laggard

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0
China
Profile
Score
Laggard
0.5
20210324
Last update: 2021-03-24
Explanation

Total: 0.5 point out of 32

0.5 point for enhanced due diligence regarding coal mining companies: China Minsheng Bank has "differentiated credit policies" for coal.

See: Policy scores Excel sheet

Relevant policies
annual reports
2019-07-31 00:00:00

2018 Social Responsibility Report

2019-07-31 00:00:00
Citi
2021-03-24
USA
9.5
Follower

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0
United States
Profile
Score
Follower
9.5
20210324
Last update: 2021-03-24
Explanation

Total: 9.5 points out of 32

6 points for a strong exclusion of coal mining projects: Citigroup provides no project-related financing for new thermal coal mines or expansions of existing mines.

3 points for the commitment to reduce financing for coal mining companies: Citigroup has commited to phase out financing for companies deriving ≥25% of their revenue from thermal coal mining by 2030, with interim targets.

0.5 point for enhanced due diligence regarding coal mining companies: Citi conducts corporate-level enhanced due diligence for the coal mining sector.

See: Policy scores Excel sheet

Commerzbank AG
2021-03-24
DEU
7
Laggard

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0
Germany
Profile
Score
Laggard
7
20210324
Last update: 2021-03-24
Explanation

Total: 7 points out of 32

4 points for a moderate exclusion of coal mining projects: Commerzbank prohibits direct finance for new coal mines and mountaintop removal (MTR) mines.

3 points for a weak exclusion threshold for coal mining companies: Commerzbank prohibits financing for all companies involved in mountaintop removal (MTR) coal mining.

See: Policy scores Excel sheet

Relevant policies
csr policies
2016-07-22 00:00:00

Updated position on coal

2016-07-22 00:00:00
Commonwealth Bank of Australia
2021-03-24
AUS
6
Laggard

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0
Australia
Profile
Score
Laggard
6
20210324
Last update: 2021-03-24
Explanation

Total: 6 points out of 32

6 points for a moderate phase-out commitment regarding coal mining companies: Commonwealth Bank commits to reduce its exposure to thermal coal mining, with the view to exiting the sector by 2030.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2019-11-14 00:00:00

Environmental and Social Framework out of date

2019-11-14 00:00:00
Crédit Agricole
2021-03-24
FRA
27
Leader

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0
France
Profile
Score
Leader
27
20210324
Last update: 2021-03-24
Explanation

Total: 27 points out of 32

6 points for a strong exclusion of coal mining projects: Crédit Agricole prohibits any support to thermal coal mines.

8 points for a strong exclusion of companies expanding coal mining (coal mine developers): Crédit Agricole prohibits financing to coal mine developers starting in 2021.

8 points for a strong phase-out commitment regarding coal mining companies: Crédit Agricole has committed to a full-fledged coal phase-out by 2030 for EU and OECD countries and 2040 for China. It requires from its clients a coal phase-out plan aligned with theses dates to continue to receive financial support from the bank starting in 2021.

5 points for a moderate exclusion threshold for coal mining companies: Crédit Agricole prohibits financing to coal mining companies above 25% of revenues coming from coal if they don't have a coal phase-out plan by 2021.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2019-06-06 00:00:00

Climate strategy out of date

Document in English
2019-06-06 00:00:00
Crédit Mutuel
2021-03-24
FRA
30
Leader

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0
France
Profile
Score
Leader
30
20210324
Last update: 2021-03-24
Explanation

Total: 30 points out of 32

6 points for a strong exclusion of coal mining projects: Crédit Mutuel prohibits financing for greenfield or brownfield thermal coal mines.

8 points for a strong exclusion of companies expanding coal mining (coal mine developers): Crédit Mutuel prohibits financing for all coal mine developers.

8 points for a strong phase-out commitment regarding coal mining companies: Crédit Mutuel committed to a full coal phase-out by 2030. It requires its clients to have by 2021 a coal phase-out plan to close their coal assets by 2030 in order to continue to receive financial support from the bank.

8 points for a strong exclusion threshold for coal mining companies: Crédit Mutuel prohibits financing of companies with more than 20% of revenues from coal, or companies that produce more than 10 Mt of coal a year.

See: Policy scores Excel sheet

Relevant policies
bank documents
2020-02-20 00:00:00

Climate strategy

2020-02-20 00:00:00
csr policiesprivate
2019-05-10 00:00:00

Sector policy - Mining sector out of date

2019-05-10 00:00:00
Credit Suisse Group
2021-03-24
CHE
7
Laggard

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0
Switzerland
Profile
Score
Laggard
7
20210324
Last update: 2021-03-24
Explanation

Total: 7 points out of 32

2 points for a weak exclusion of coal mining projects: Credit Suisse prohibits direct finance for new greenfield thermal coal mines, and mountaintop removal (MTR) projects. 

5 points for a moderate exclusion threshold for coal mining companies: Credit Suisse will not provide finance or underwriting to mining companies that derive more than 25% of its revenue from thermal coal extraction. However, they make an exception for companies that have a credible transition strategy to diversify away from thermal coal and where the transaction proceeds make a material contribution to this transition. 

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2020-08-01 00:00:00

Sector Policies and Guidelines out of date

2020-08-01 00:00:00
Danske Bank
2021-03-25
DNK
27
Leader

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0
Denmark
Profile
Score
Leader
27
20210325
Last update: 2021-03-25
Explanation

Total: 27 points out of 32

6 points for a strong exclusion of coal mining projects: Danske Bank does not provide financing for projects expanding thermal coal mining.

8 points for a strong exclusion of companies expanding coal mining (coal mining developers): Danske Bank refrains from providing financial services to companies expanding thermal coal mining.

8 points for a strong phase-out commitment regarding coal mining companies: Danske Bank will phase out companies with coal mining in the EU and OECD countries by 2030 and in the rest of the world by 2040.

5 points for a moderate exclusion threshold for coal mining companies: Danske Bank does not provide financial services to companies that generate more than 5% of their revenues from thermal coal mining, but may make exceptions for companies that "can demonstrate their commitment, and ability, to phase-out the use and production of fossil fuels in alignment with the 2015 Paris Agreement."

See: Policy scores Excel sheet

Relevant policies
csr policies
2021-03-25 00:00:00

Position Statement on Fossil Fuels

2021-03-25 00:00:00
DBS Bank
2020-03-01
SGP
2.5
Laggard

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0
Singapore
Profile
Score
Laggard
2.5
20200301
Last update: 2020-03-01
Explanation

Total: 2.5 points out of 32

2 points for a weak exclusion of coal mining projects: DBS prohibits financing for greenfield thermal coal mines.

0.5 point for enhanced due diligence: DBS performs enhanced due diligence on coal mining companies by checking for a diversification strategy.

See: Policy scores Excel sheet

Deutsche Bank
2021-03-24
DEU
9.5
Follower

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0
Germany
Profile
Score
Follower
9.5
20210324
Last update: 2021-03-24
Explanation

Total: 9.5 points out of 32

6 points for a strong exclusion of coal mining projects: Deutsche Bank will not provide financing for new coal mines or material expansions.

3 points for the commitment to reduce financing to coal mining companies: Deutsche Bank commits to phase out coal mining exposure by 2025 worldwide (including both lending and capital markets). Deutsche Bank does not have intermediate exclusion criteria around developers or dropping non-compliant clients. This commitment only covers companies that have more than 50% of their reserves in coal mining, or 50% of their revenues.

0.5 point for enhanced due diligence regarding coal mining companies: Deutsche Bank prohibits financing for the biggest U.S. MTR coal miners. This qualifies as enhanced due diligence. The exclusion would have to be broadened, either to encompass all MTR coal miners, or some non-MTR coal miners, to qualify for a higher score.

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-07-27 00:00:00

Environmental and Social Policy Framework

2020-07-27 00:00:00
References
2020-7-27

Deutsche Bank’s new policies: much needed movement, still a long way to Paris

2020-7-27 | urgewald
DNB
2021-02-01
NOR
3.5
Laggard

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0
Norway
Profile
Score
Laggard
3.5
20210201
Last update: 2021-02-01
Explanation

Total: 3.5 points out of 32

0.5 point for a MTR mine exclusion: DNB does not finance mountaintop removal activities.

3 points for a weak exclusion of coal mining companies: DNB does not finance new customers involved in coal extraction projects.

See: Policy scores Excel sheet

Relevant policies
csr policies
2019-06-13 00:00:00

Group Standard for Corporate Social Responsibility in DNB ASA's credit activities

2019-06-13 00:00:00
csr policies
2016-12-31 00:00:00

CSR-ESG sector guidance - metals and mining

2016-12-31 00:00:00
DZ Bank
2021-03-24
DEU
6
Laggard

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0
Germany
Profile
Score
Laggard
6
20210324
Last update: 2021-03-24
Explanation

Total: 6 points out of 32

6 points for a strong exclusion of coal mining projects: DZ Bank prohibits financing for coal mines, including mountain top removal mining.

See: Policy scores Excel sheet

Relevant policies
csr policies
2021-03-15 00:00:00

Sustainable lending policy

2021-03-15 00:00:00
Goldman Sachs
2021-03-24
USA
9.5
Follower

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0
United States
Profile
Score
Follower
9.5
20210324
Last update: 2021-03-24
Explanation

Total: 9.5 points out of 32

6 points for a strong exclusion of coal mining projects: Goldman Sachs's prohibition on financing for "new thermal coal mine development" covers both new mines and expansions of existing mines.

3 points for the commitment to reduce financing of coal mining companies: Goldman Sachs commits to "phase out our financing of thermal coal mining companies that do not have a diversification strategy within a reasonable timeframe." However this applies only to "significant" coal mining companies, and thus does not qualify as a weak phaseout, which must apply to most of the coal mining sector.

0.5 point for enhanced due diligence regarding coal mining companies: Goldman Sachs conducts enhanced due diligence "for transactions involving coal mining globally."

See: Policy scores Excel sheet

Relevant policies
csr policies
2022-01-25 00:00:00

Sector Guidelines: General Industries, Agriculture/Soft Commodities, Metals & Mining, Oil & Gas, Power Generation

Date listed represents date as accessed on website
2022-01-25 00:00:00
HSBC
2021-03-24
GBR
8.5
Follower

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0
United Kingdom
Profile
Score
Follower
8.5
20210324
Last update: 2021-03-24
Explanation

Total: 8.5 points out of 32

4 points for a moderate exclusion of coal mining projects: HSBC prohibits financing for new thermal coal mines, including major expansions to existing mines that involve geographically separate locations.

1.5 points for the commitment to reduce exposure to coal mining companies: HSBC has committed to reduce its exposure to thermal coal mining.

3 points for a weak exclusion threshold for coal mining companies: HSBC prohibits financing for new clients dependent on coal mining.

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-02-15 00:00:00

Minings & metals policy

2020-02-15 00:00:00
Industrial and Commercial Bank of China (ICBC)
2021-03-24
CHN
0
Laggard

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0
China
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 32

See: Policy scores Excel sheet

Industrial Bank of China
2021-03-24
CHN
0.5
Laggard

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0
China
Profile
Score
Laggard
0.5
20210324
Last update: 2021-03-24
Explanation

Total: 0.5 point out of 32

0.5 point for enhanced due diligence regarding coal mining companies: Industrial Bank conducts enhanced due diligence for coal mining-related transactions.

See: Policy scores Excel sheet

Relevant policies
annual reports
2020-07-31 00:00:00

Annual Sustainability Report 2019

2020-07-31 00:00:00
ING
2021-03-24
NLD
15
Follower

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0
Netherlands
Profile
Score
Follower
15
20210324
Last update: 2021-03-24
Explanation

Total: 15 points out of 32

6 points for a strong exclusion of coal mining projects: ING does not finance new or (expansions of) existing coal mines.

6 points for a moderate phase-out commitment regarding coal mining companies: ING has committed to phase out its financing for coal mining by 2025, but it does not exclude any coal developers.

3 points for a weak exclusion threshold for coal mining companies: ING excludes financing for companies above a 30% threshold involvement in coal mining, "provided our engagement does not facilitate the restricted activity itself." But the policy allows notable exceptions for application to existing clients.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2019-07-01 00:00:00

Environmental and Social Risk Framework out of date

2019-07-01 00:00:00
JPMorgan Chase
2021-03-24
USA
8
Laggard

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0
United States
Profile
Score
Laggard
8
20210324
Last update: 2021-03-24
Explanation

Total: 8 points out of 32

2 points for a weak exclusion of coal mining projects: JPMorgan Chase prohibits financing for new greenfield coal mines only.

3 points for the commitment to reduce financing of coal mining companies: JPMorgan Chase has committed that by 2024, it will phase out its remaining credit exposure to companies deriving a majority of their revenue from coal mining. While this is a strong near-term deadline, it only applies to companies where over 50% of their revenue is derived from coal mining, and thus it does not qualify as a "weak phase-out" of the sector overall, but rather constitutes a reduction in financing for coal mining.

3 points for a weak exclusion threshold regarding coal mining companies: JPMorgan Chase prohibits "lending, capital markets or advisory services to companies deriving the majority of their revenues from the extraction of coal." If this revenue threshold were lower than 50%, this policy would be eligible for "moderate exclusion."

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2020-02-25 00:00:00

Environmental and social policy framework out of date

2020-02-25 00:00:00
Jyske Bank
2021-02-01
DNK
0
Laggard

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0
Denmark
Profile
Score
Laggard
0
20210201
Last update: 2021-02-01
Explanation

Total: 0 points out of 32

See: Policy scores Excel sheet

Lloyds Banking Group
2021-03-24
GBR
9
Follower

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0
United Kingdom
Profile
Score
Follower
9
20210324
Last update: 2021-03-24
Explanation

Total: 9 points out of 32

6 points for a strong exclusion of coal mining projects: Lloyds Banking Group does not finance thermal coal mines.

3 points for a weak exclusion threshold for coal mining companies: Lloyds Banking Group does not establish new commercial banking customers where revenue is derived from operating thermal mines.

See: Policy scores Excel sheet

Mizuho
2021-03-24
JPN
1
Laggard

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0
Japan
Profile
Score
Laggard
1
20210324
Last update: 2021-03-24
Explanation

Total: 1 point out of 32

0.5 point for a mountaintop removal (MTR) mine exclusion: Mizuho will not provide financing or investment to coal mining projects employing the mountain top removal method.

0.5 point for enhanced due diligence regarding coal mining companies: Mizuho conducts enhanced due diligence for clients involved in coal mining.

See: Policy scores Excel sheet

Morgan Stanley
2021-03-24
USA
7.5
Laggard

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0
United States
Profile
Score
Laggard
7.5
20210324
Last update: 2021-03-24
Explanation

Total: 7.5 points out of 32

4 points for a moderate exclusion of coal mining projects: Morgan Stanley excludes direct finance for new coal mines. Expansion is not mentioned in this policy. Morgan Stanley will also not provide financing for mountain top removal coal mines.

3 points for the commitment to reduce financial exposure to coal mining companies: Morgan Stanley has pledged to phase out out financing of those thermal coal mining companies that do not have a diversification strategy within a reasonable timeframe. However this applies only to "significant" coal mining companies, and thus does not qualify as a weak phaseout, which must apply to most of the coal mining sector.

0.5 point for enhanced due diligence regarding coal mining companies: Morgan Stanley conducts enhanced due diligence for thermal coal mining companies. In addition, Morgan Stanley prohibits "financing for companies that rely on MTR for anything more than a limited portion of their annual coal production" as well as for any company without "a plan to eliminate existing MTR operations in the foreseeable future." Continued financing of companies involved in MTR at all is not strong enough to be counted as a weak exclusion of coal mining companies.

See: Policy scores Excel sheet

Relevant policies
csr policies
2019-03-15 00:00:00

Coal and oil & gas policy statements

2019-03-15 00:00:00
National Australia Bank (NAB)
2021-03-24
AUS
9
Follower

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0
Australia
Profile
Score
Follower
9
20210324
Last update: 2021-03-24
Explanation

Total: 9 points out of 32

2 points for a weak exclusion of coal mining projects: NAB's policy commitment to prohibit direct financing for new thermal coal mines is limited to "weak exclusion" due to repeated breaches of the policy.

4 points for a weak phase-out commitment regarding coal mining companies: NAB commits to its thermal coal mining financing to be effectively zero by 2035.

3 points for a weak exclusion threshold for coal mining companies: NAB prohibits new thermal coal mining clients.

See: Policy scores Excel sheet

Relevant policies
annual reports
2019-09-30 00:00:00

Sustainability report 2019

2019-09-30 00:00:00
Natixis
2021-03-24
FRA
30
Leader

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0
France
Profile
Score
Leader
30
20210324
Last update: 2021-03-24
Explanation

Total: 30 points out of 32

6 points for a strong exclusion of coal mining projects: BPCE/Natixis prohibits financing for greenfield or brownfield thermal coal mines.

8 points for a strong exclusion of companies expanding coal mining (coal mine developers): BPCE/Natixis will no longer support companies that develop new capacity in coal-powered electricity generation or thermal coal mining.

8 points for a strong phase-out commitment regarding coal mining companies: BPCE/Natixis commits to fully withdraw from the thermal coal sector by 2030 for EU and OECD countries, and 2040 for the rest of the world. Companies must have provided or have ensured to provide by the end of 2021 a transition plan to fully withdrawal from thermal coal by 2030/2040.

8 points for a strong exclusion threshold for coal mining companies: BPCE/Natixis prohibits financing for companies whose activity is greater than 25% thermal coal mining (measured in revenues).

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-10-27 00:00:00

CSR sector policy applicable to the coal industry

2020-10-27 00:00:00
csr policies
2019-06-28 00:00:00

Sector policy applicable to the coal sector

2019-06-28 00:00:00
References
2020-10-28

Natixis: one step forward, two steps back on coal

2020-10-28 | Reclaim Finance
NatWest
2021-03-24
GBR
15
Follower

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0
United Kingdom
Profile
Score
Follower
15
20210324
Last update: 2021-03-24
Explanation

Total: 15 points out of 32

4 points for a moderate exclusion of coal mining projects: NatWest does not finance new thermal coal mines.

6 points for a moderate phase-out commitment regarding coal mining companies: NatWest committed to stop lending and underwriting to companies with more than 15% of activities related to coal, unless they have a credible transition plan in line with 2015 Paris Agreement by end of 2021. NatWest will fully phase-out from coal by 2030. This phase-out commitment is assessed as moderate due to lack of details on what a credible transition plan is.

5 points for a moderate exclusion threshold for coal mining companies: NatWest committed to stop lending and underwriting to companies with more than 15% of activities related to coal, unless they have a credible transition plan in line with 2015 Paris Agreement by end of 2021. This commitment could be strengthened with further clarification on what Paris Alignment means.

See: Policy scores Excel sheet

Relevant policies
csr policies
2021-02-23 00:00:00

Approach to climate change

Date listed represents date as accessed on website
2021-02-23 00:00:00
csr policiesprivate
2020-07-31 00:00:00

Mining and metals sector policy out of date

2020-07-31 00:00:00
Nedbank Group
2021-04-22
ZAF
7
Laggard

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0
South Africa
Profile
Score
Laggard
7
20210422
Last update: 2021-04-22
Explanation

Total: 7 points out of 32

4 points for a moderate exclusion of coal mining projects: Nedbank does not finance thermal coal mines outside of South Africa. From 2025 onwards, it does not finance new thermal coal mines regardless of jurisdiction.

3 points for the commitment to reduce financing of coal mining companies: Nedbank aims to decrease their financing for coal companies, infrastructure related to coal, and trade related to thermal coal to less than 1% of total group advances, and less than 0,5% by 2030. Nedbank defined coal mining companies as mining companies that derive more than 40% of their revenue from thermal coal mining.

See: Policy scores Excel sheet

Relevant policies
csr policies
2021-04-22 00:00:00

Energy policy

2021-04-22 00:00:00
Nordea
2021-09-09
FIN
22
Front runner

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0
Finland
Profile
Score
Front runner
22
20210909
Last update: 2021-09-09
Explanation

Total: 22 points out of 32

6 points for a strong exclusion of coal mining projects: Nordea does not provide project financing dedicated to thermal coal mining or new thermal coal power plants.

8 points for a strong exclusion of companies expanding coal mining: Nordea does not finance or refinance companies with expansion plans for thermal coal or new and pre-construction phase thermal coal activities.

0 points for a lack of a phase-out commitment regarding coal mining companies: Nordea requires that existing financing customers, using thermal coal in power production or mining, are committed to exit power production and mining based on thermal coal by 2030 latest for industrialised countries (Germany exception) and a full phase out globally by latest 2040. Nordea will not expand financing to existing customers unless the customer has a credible transition plan in line with the Paris Agreement.

8 points for a strong exclusion threshold for coal mining companies: Nordea does not start any new financing relationships with companies having more than 5% of their revenues coming directly from thermal coal, covering coal-fired energy production companies and/or mining companies that are extracting.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2021-09-09 00:00:00

Sector Guideline for the Fossil Fuel based Industries out of date

2021-09-09 00:00:00
Nykredit
2021-02-01
DNK
0
Laggard

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0
Denmark
Profile
Score
Laggard
0
20210201
Last update: 2021-02-01
Explanation

Total: 0 points out of 32

See: Policy scores Excel sheet

OCBC
2020-03-01
SGP
2
Laggard

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0
Singapore
Profile
Score
Laggard
2
20200301
Last update: 2020-03-01
Explanation

Total: 2 points out of 32

2 points for a weak exclusion of coal mining projects: OCBC prohibits "new financing of Lignite Coal Mines" only.

See: Policy scores Excel sheet

Relevant policies
csr policies
2019-12-18 00:00:00

Responsible financing

Date listed represents date as accessed on website
2019-12-18 00:00:00
Ping An Bank
2021-03-24
CHN
0
Laggard

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0
China
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 32

See: Policy scores Excel sheet

PNC Bank
2020-03-01
USA
2
Laggard

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0
United States
Profile
Score
Laggard
2
20200301
Last update: 2020-03-01
Explanation

Total: 2 points out of 32

1.5 points for the commitment to reduce exposure to coal mining companies: PNC states that "over the last few years, we have gradually reduced our lending to coal mining companies."

0.5 point for enhanced due diligence regarding coal mining companies: PNC conducts enhanced due diligence for coal mining companies, and prohibits "new lending to coal producers with anything more than a de minimis exposure to mountaintop removal mining."

See: Policy scores Excel sheet

Relevant policies
annual reports
2017-06-14 00:00:00

Updated 2016 CSR Report

2017-06-14 00:00:00
Postal Savings Bank of China
2021-03-24
CHN
0.5
Laggard

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0
China
Profile
Score
Laggard
0.5
20210324
Last update: 2021-03-24
Explanation

Total: 0.5 point out of 32

0.5 point for enhanced due diligence regarding coal mining companies: Postal Savings Bank of China conducts enhanced due diligence for coal-related transactions.

See: Policy scores Excel sheet

Rabobank
2021-03-24
NLD
6
Laggard

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0
Netherlands
Profile
Score
Laggard
6
20210324
Last update: 2021-03-24
Explanation

Total: 6 points out of 32

6 points for a strong exclusion of coal mining projects: Rabobank prohibits financing for all thermal coal mining projects.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2019-08-27 00:00:00

Sustainability Policy Framework out of date

2019-08-27 00:00:00
Royal Bank of Canada (RBC)
2021-03-24
CAN
6.5
Laggard

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0
Canada
Profile
Score
Laggard
6.5
20210324
Last update: 2021-03-24
Explanation

Total: 6.5 points out of 32

2 points for a weak exclusion of coal mining projects: RBC will not finance transactions where the proceeds will be primarily used to develop a new greenfield thermal coal mine or Mountain Top Removal coal mining projects. In this policy, greenfield refers to new plants or mines on land not previously used for that purpose.

1.5 points for the commitment to reduce exposure to coal mining companies: RBC will track and monitor its credit exposure to coal mining and endeavor to reduce it over time. There is no specific deadline or timeline mentioned.

3 points for a weak exclusion threshold for coal mining companies: RBC will not provide financing to new clients that operate significant thermal coal mining (>60% revenue). RBC will provide financing to new clients that operate some thermal coal mining (≤ 60% revenue) if the client can provide clear evidence that they are reducing their use of coal (e.g. diversifying, retiring assets); and/or reducing their GHG emissions; and/or converting to high-efficiency low emissions technologies. There are no exclusions for existing clients. 

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-09-14 00:00:00

Policy guidelines for sensitive sectors and activitities

2020-09-14 00:00:00
Santander
2021-03-24
ESP
17
Front runner

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0
Spain
Profile
Score
Front runner
17
20210324
Last update: 2021-03-24
Explanation

Total: 17 points out of 32

6 points for a strong exclusion of coal mining projects: Santander prohibits financing for new, or the expansion of, thermal coal mines.

8 points for a strong phase-out commitment regarding coal mining companies: By 2030, Santander will eliminate all exposure to thermal coal mining worldwide.

3 points for a weak exclusion threshold for coal mining companies: Santander prohibits financing for "new clients with thermal coal mine projects worldwide." Exclusions that apply to new clients only are restricted to the "weak exclusion" category.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2020-01-21 00:00:00

Energy sector policy out of date

2020-01-21 00:00:00
References
2021-2-22

Santander Group sets ambition to be net zero by 2050, supported by first decarbonization targets

2021-2-22 | Santander
Sberbank
2021-03-24
RUS
0
Laggard

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0
Russian Federation
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 32

See: Policy scores Excel sheet

Scotiabank
2021-03-24
CAN
0
Laggard

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0
Canada
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 32

See: Policy scores Excel sheet

Shanghai Pudong Development Bank
2021-03-24
CHN
0
Laggard

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0
China
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 32

See: Policy scores Excel sheet

Shinhan Financial Group
2021-03-24
KOR
0.5
Laggard

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0
South Korea
Profile
Score
Laggard
0.5
20210324
Last update: 2021-03-24
Explanation

Total: 0.5 point out of 32

0.5 point for enhanced due diligence regarding coal mining companies: Shinhan conducts enhanced due diligence for coal mining-related transactions.

See: Policy scores Excel sheet

Skandinaviska Enskilda Banken (SEB)
2021-02-01
SWE
17
Front runner

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0
Sweden
Profile
Score
Front runner
17
20210201
Last update: 2021-02-01
Explanation

Total: 17 points out of 32

6 points for a strong exclusion of coal mining projects: SEB will not provide financial services to new and existing thermal coal mines.

6 points for a moderate phase-out commitment regarding coal mining companies: SEB will exit its current business relationships where more than 5% of the companies' revenues is derived from thermal coal mining by 2025. This commitment is not strong because SEB makes an exception for German coal companies.

5 points for a moderate exclusion threshold for coal mining companies: SEB does not provide financing to companies with a material share of revenues (more than 15%) deriving from thermal coal mining. This company exclusion is not strong because SEB makes an exception for German coal companies.

See: Policy scores Excel sheet

Relevant policies
csr policies
2021-02-23 00:00:00

Sector Policy on Fossil Fuels

2021-02-23 00:00:00
Société Générale
2021-03-24
FRA
27
Leader

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0
France
Profile
Score
Leader
27
20210324
Last update: 2021-03-24
Explanation

Total: 27 points out of 32

6 points for a strong exclusion of coal mining projects: Société Générale prohibits financing for all thermal coal mining projects.

4 points for a weak exclusion of companies expanding coal mining (coal mine developers): Société Générale will not finance new companies developing, or planning to develop, new thermal coal mines. From the end of 2021 onwards, Société Générale will refrain from financing any company developing, or planning to develop, new thermal coal mines. Société Générale will also refrain from financing 'Corporate Entities' of the thermal coal mining sector (which are defined as corporate entities directly operating or owning thermal coal mining assets) that are developing or planning to develop thermal coal mining capacity. However, these commitments only apply to majority owners of the asset.

8 points for a strong phase-out commitment regarding coal mining companies: Société Générale has committed to zero out its exposure to the thermal coal sector by ''2030 for companies with mining or power production thermal coal assets located in the EU or OECD countries and 2040 companies holding such assets elsewhere."

8 points for a strong exclusion threshold for coal mining companies: Société Générale prohibits financing to companies deriving more than 20% of their revenues from coal or produce more than 10 Mt of coal annually.

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-07-31 00:00:00

Thermal coal sector policy

2020-07-31 00:00:00
References
2020-7-1

An Accelerated Exit from the Coal Sector

2020-7-1 | Société Générale
2020-7-31

Société Générale releases a misleading coal phase out policy

2020-7-31 | Reclaim Finance
Sparebank 1 SR-Bank
2021-02-01
NOR
11
Follower

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0
Norway
Profile
Score
Follower
11
20210201
Last update: 2021-02-01
Explanation

Total: 11 points out of 32

6 points for a strong exclusion of coal mining projects: SpareBank 1 SR-Bank does not finance coal mining projects.

5 points for a moderate exclusion of coal mining companies: SpareBank 1 SR-Bank does not finance companies engaged in the extraction of coal. It is unclear whether a revenue or turnover threshold is applied to identify companies.

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-09-30 00:00:00

Baerekraft i SpareBank 1 SR-Bank

2020-09-30 00:00:00
Standard Chartered
2020-03-24
GBR
13
Follower

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0
United Kingdom
Profile
Score
Follower
13
20200324
Last update: 2020-03-24
Explanation

Total: 13 points out of 32

4 points for a moderate exclusion of coal mining projects: Standard Chartered prohibits financing for all new thermal coal mines.

6 points for a moderate phase-out commitment regarding coal mining companies: Standard Chartered will gradually phase-out its finance for clients dependent on thermal coal. By 2030, it will only provide finance to companies that are less than 5% dependent on thermal coal. This is a moderate phase-out as the threshold applied is based on % EBITDA at group level, instead of revenues.

3 points for a weak exclusion threshold for coal mining companies: Standard Chartered will gradually phase-out its finance for clients dependent on thermal coal. By 2030, it will only provide finance to companies that are less than 5% dependent on thermal coal. This is a moderate phase-out as the threshold applied is based on % EBITDA at group level, instead of revenues.

See: Policy scores Excel sheet

State Bank of India
2021-03-24
IND
0
Laggard

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0
India
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 32

See: Policy scores Excel sheet

Sumitomo Mitsui Banking Corporation (SMBC)
2021-03-24
JPN
1
Laggard

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0
Japan
Profile
Score
Laggard
1
20210324
Last update: 2021-03-24
Explanation

Total: 1 points out of 32

0.5 point for a mountaintop removal (MTR) mine exclusion: SMBC does not provide support for coal mining projects that are conducting the MTR method.

0.5 point for enhanced due diligence regarding coal mining companies: SMBC conducts enhanced due diligence for coal mining businesses when considering lending.

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-04-16 00:00:00

Revision of ESG financing policies

2020-04-16 00:00:00
Sumitomo Mitsui Trust Holdings
2021-03-24
JPN
0
Laggard

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0
Japan
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 32

See: Policy scores Excel sheet

Svenska Handelsbanken
2021-02-01
SWE
7
Laggard

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0
Sweden
Profile
Score
Laggard
7
20210201
Last update: 2021-02-01
Explanation

Total: 7 points out of 32

4 points for a moderate exclusion of coal mining projects: Svenska Handelsbanken does not directly finance new mining of coal.

3 points for a weak exclusion of coal mining companies: Svenska Handelsbanken will not start new business relationships with companies that are active in coal mining.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2020-05-11 00:00:00

Environment and climate change guidelines out of date

2020-05-11 00:00:00
Swedbank
2021-02-01
SWE
8
Laggard

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0
Sweden
Profile
Score
Laggard
8
20210201
Last update: 2021-02-01
Explanation

Total: 8 points out of 32

8 points for a strong exclusion of coal mining companies: Swedbank will not provide financial services to companies mining and producing coal to more than 5% of its revenue.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2021-01-26 00:00:00

Position Statement Climate Change out of date

2021-01-26 00:00:00
Sydbank
2021-02-01
DNK
0
Laggard

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0
Denmark
Profile
Score
Laggard
0
20210201
Last update: 2021-02-01
Explanation

Total: 0 points out of 32

See: Policy scores Excel sheet

TD
2021-03-24
CAN
1
Laggard

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0
Canada
Profile
Score
Laggard
1
20210324
Last update: 2021-03-24
Explanation

Total: 1 point out of 32

0.5 point for a mountaintop removal (MTR) mine exclusion: TD prohibits financing for transactions related to mountaintop removal coal mining only.

0.5 point for enhanced due diligence regarding coal mining companies: TD conducts enhanced due diligence for the mining sector.

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-11-03 00:00:00

Non-Retail Environmental and Social Credit Risk Process

2020-11-03 00:00:00
csr policies
2019-06-24 00:00:00

Responsible Financing

Page 17 of TD's CSR report 2018
2019-06-24 00:00:00
Truist Financial Corporation
2021-03-24
USA
0
Laggard

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0
United States
Profile
Score
Laggard
0
20210324
Last update: 2021-03-24
Explanation

Total: 0 points out of 32

See: Policy scores Excel sheet

UBS
2021-05-03
CHE
14
Follower

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0
Switzerland
Profile
Score
Follower
14
20210503
Last update: 2021-05-03
Explanation

Total: 14 points out of 32

6 points for a strong exclusion of coal mining projects: UBS does not finance new or expansions of existing thermal coal mines.

3 points for the commitment to reduce financing of coal mining companies: UBS has committed to "continue to severely restrict lending and capital raising to the coal mining sector."

5 points for a moderate exclusion threshold for coal mining companies: UBS prohibits financing for companies with any mountaintop removal coal mining operations. Furthermore, UBS only provides financing to existing thermal coal mining companies (>20% revenues) if they have ''a transition plan that aligns with the goals of the Paris Agreement'' or if the transaction relates to ''renewable energy or clean technology''.

See: Policy scores Excel sheet

Relevant policies
csr policies
2021-05-03 00:00:00

Environmental and social risk policy framework 2021

2021-05-03 00:00:00
csr policiesprivate
2020-03-12 00:00:00

Environmental and social risk policy framework 2019 out of date

2020-03-12 00:00:00
UniCredit Group
2021-03-24
ITA
30
Leader

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0
Italy
Profile
Score
Leader
30
20210324
Last update: 2021-03-24
Explanation

Total: 30 points out of 32

6 points for a strong exclusion of coal mining projects: UniCredit excludes all types of banking services aimed at a coal-related project activity, regardless of any other consideration. This includes finance for new coal mines, existing coal mines and the expansion of coal mines.

8 points for a strong exclusion of companies expanding coal mining (coal mine developers): UniCredit does not provide any financial services to coal-related subjects (defined as all the companies/subjects operating in coal-fired power generation area + the thermal coal mining area) that expand the coal business (e.g. by expanding existing coal capacity or buying/building new production sites).

8 points for a strong phase-out commitment: UniCredit is committed to reduce its exposure to the coal sector to zero by 2028 globally.

8 points for a strong exclusion threshold for coal mining companies: UniCredit will not provide any banking services to coal-related subjects (including subsidiaries) that get more than 25% of their current revenues in the coal business. From end 2021 onwards, companies also need to have a credible plan in place phasing out their coal business by 2028.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2020-08-31 00:00:00

Coal sector global policy out of date

2020-08-31 00:00:00
References
2020-9-9

UniCredit becomes the first non-French financial institution to adopt a high-quality coal policy

2020-9-9 | Reclaim Finance
United Overseas Bank
2021-03-24
SGP
2.5
Laggard

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0
Singapore
Profile
Score
Laggard
2.5
20210324
Last update: 2021-03-24
Explanation

Total: 2.5 points out of 32

2 points for a weak exclusion of coal mining projects: UOB prohibits financing of greenfield thermal coal mines.

0.5 point for enhanced due diligence regarding coal mining companies: UOB has enhanced due diligence for the Metals and Mining sector.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2019-12-18 00:00:00

Approach to material ESG factors

Link does not work
2019-12-18 00:00:00
US Bancorp
2021-03-24
USA
6
Laggard

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0
United States
Profile
Score
Laggard
6
20210324
Last update: 2021-03-24
Explanation

Total: 6 points out of 32

4 points for a moderate exclusion of coal mining projects: US Bank prohibits financing for new coal mines only.

1.5 points for the commitment to reduce exposure to coal mining companies: US Bank has committed to reduce its exposure to coal companies.

0.5 point for enhanced due diligence regarding coal mining companies: US Bank does not finance "coal producers who rely on MTR for anything more than a limited portion of its firm’s overall coal production." This is not strong enough to merit a "weak exclusion threshold," but does count as enhanced due diligence for coal mining.

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-02-11 00:00:00

Environmental responsibility policy

2020-02-11 00:00:00
Wells Fargo
2021-03-24
USA
8
Laggard

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0
United States
Profile
Score
Laggard
8
20210324
Last update: 2021-03-24
Explanation

Total: 8 points out of 32

6 points for a strong exclusion of coal mining projects: Wells Fargo does not directly finance any project associated with the expansion of an existing or development of a new coal mine.

1.5 points for the commitment to reduce exposure to coal mining companies: Wells Fargo has committed to continue reducing credit exposure to the coal mining industry.

0.5 point for enhanced due diligence regarding coal mining companies: Wells Fargo conducts enhanced due diligence for coal mining companies. In addition, Wells Fargo prohibits financing "to coal producers engaged primarily in MTR mining." Continued financing of companies involved in MTR at all is not strong enough to be counted as a weak exclusion of coal mining companies.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2021-01-08 00:00:00

Environmental and social risk management (includes policy on sensitive industries and companywide policy restrictions and prohibitions) out of date

Date listed represents date as accessed on website
2021-01-08 00:00:00
csr policiesprivate
2018-06-30 00:00:00

Environmental and Social Risk Management Framework out of date

2018-06-30 00:00:00
Westpac
2021-03-24
AUS
6.5
Laggard

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0
Australia
Profile
Score
Laggard
6.5
20210324
Last update: 2021-03-24
Explanation

Total: 6.5 points out of 32

2 points for a weak exclusion of coal mining projects: Westpac limits its support for thermal coal mines or projects to existing basins by maintaining the following quality criteria: average calorific value on a Gross As Received basis must be at least 5,700 kCal/kg for existing mines; and at least 6,300 kCal/kg Gross As Received for new mines.

1.5 points for the commitment to reduce exposure to coal mining companies: Westpac commits to reduce its exposure to coal customers to zero by 2030, whereby coal customers are defined as those companies generating more than 25% of revenues from thermal coal.

3 points for a weak exclusion threshold for coal mining companies: Westpac will not establish relationships with new thermal coal customers, with thermal coal customers defined as those generating more than 25% of revenues from thermal coal. Exclusions that apply to new clients only are restricted to the "weak exclusion" category.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2020-05-04 00:00:00

Climate Change Position Statement and 2023 Action Plan out of date

2020-05-04 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for coal mining projects.

  • None (0), mountaintop removal mining exclusion (0.5), weak exclusion (2), moderate exclusion (4), strong exclusion (6)

2) Restriction on financing for companies that expand coal mining.

  • None (0), weak exclusion (4), strong exclusion (8)

3) The bank’s commitment to phase-out financing for coal mining.

  • None (0), exposure reduction (1.5), financing reduction (3), weak phase-out (4), moderate phase-out (6), strong phase-out (8)

4) The bank’s commitment to exclude companies active in coal mining above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (3), moderate exclusion threshold (5), strong exclusion threshold (8), full exclusion (10)

A bank can obtain a total of 32 policy points for its coal mining policy. Based on this score banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 8 points
8.5 - 16 points
16.5 - 24 points
24.5 - 32 points

 

Banks excluding finance for coal mining

A number of banks have already taken steps to fully or partially exclude coal mining or companies involved in coal mining operations from their investments. The table below lists banks that have taken such steps. 

Exclusion table coal mining

BankLast update
Country
Project
Company
Details
ABN AMRO
2020-03-01
NLD
999
Netherlands
Profile
Project
Company
14
20200301
Last update: 2020-03-01
Explanation

ABN AMRO prohibits direct finance for the acquisition or building of thermal coal mines, and mountaintop removal (MTR) coal mines.

ABN AMRO prohibits financing for companies with greater than 25% revenue from thermal coal mining. This is considered a strong company exclusion policy.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2018-11-30 00:00:00

Exclusion list out of date

2018-11-30 00:00:00
csr policiesprivate
2018-06-30 00:00:00

Sector policy for metals & minerals out of date

2018-06-30 00:00:00
ANZ
2021-03-24
AUS
-11
Australia
Profile
Project
3
Company
20210324
Last update: 2021-03-24
Explanation

ANZ prohibits direct financing for new and expanding coal mines where reserves or production are at least 35% thermal coal.

ANZ's weak policy prohibits lending to new clients whose thermal coal assets exceed 10% of revenue, including coal mining companies.

See: Policy scores Excel sheet

Relevant policies
bank documents
2020-11-06 00:00:00

ANZ 2020 ESG Supplement

2020-11-06 00:00:00
csr policiesprivate
2019-11-30 00:00:00

Energy policy out of date

2019-11-30 00:00:00
References
2020-10-29

ANZ 2020 policy update analysis

2020-10-29 | Market Forces
Bank of America
2021-03-24
USA
999
United States
Profile
Project
Company
20210324
Last update: 2021-03-24
Explanation

Bank of America prohibits direct financing for new thermal coal mines or the expansion of existing mines.

Bank of America does not provide any financing to any companies involved in MTR mining.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2021-02-05 00:00:00

Environmental and social risk policy framework out of date

2021-02-05 00:00:00
csr policiesprivate
2019-04-18 00:00:00

Coal Policy out of date

2019-04-18 00:00:00
Bank of China
2022-03-14
CHN
-10
China
Profile
Project
Company
20220314
Last update: 2022-03-14
Explanation

Bank of China commits to not financing any new coal mining and new coal power plants projects overseas, with the exception of the ones already contracted.

Relevant policies
csr policiesprivate
2021-09-24 00:00:00

Carbon peak and carbon neutrality target action plan

2021-09-24 00:00:00
Bank of Montreal (BMO)
2021-03-24
CAN
-11
Canada
Profile
Project
Company
20210324
Last update: 2021-03-24
Explanation

Bank of Montreal prohibits lending for new greenfield coal mines or significant expansions.

Bank of Montreal's prohibition on financing clients that get >60% of their revenue from coal mining applies to new clients only.

See: Policy scores Excel sheet

Barclays
2021-03-24
GBR
999
United Kingdom
Profile
Project
4
Company
20210324
Last update: 2021-03-24
Explanation

Barclays does not provide project finance for the development of greenfield thermal coal mines anywhere in the world. It also does not provide general corporate financing that is specified as being for new or expanded coal mining development.

Barclays will not provide any financing to clients that generate more than 50% of revenue from thermal coal activities (mining and/or coal fired power generation).

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2020-04-30 00:00:00

Position on climate change out of date

2020-04-30 00:00:00
csr policiesprivate
2019-01-14 00:00:00

Energy and Climate Change Statement out of date

2019-01-14 00:00:00
BBVA
2021-03-24
ESP
-11
Spain
Profile
Project
7
Company
20210324
Last update: 2021-03-24
Explanation

BBVA prohibits direct financing for new coal mines and coal mine expansions, including mountaintop removal (MTR) mines, but allows exceptions for countries with high levels of imported energy.

BBVA prohibits financing for companies of which more than 25% of its activity consists of coal mining, but allows exceptions for companies with a diversification strategy.

See: Policy scores Excel sheet

BNP Paribas
2021-03-24
FRA
999
France
Profile
Project
Company
9
20210324
Last update: 2021-03-24
Explanation

BNP Paribas prohibits financing for thermal coal mining projects.

BNP Paribas does not provide any financial products or services to companies that develop or are planning to develop thermal coal extraction capacities (new mines or expansion of existing ones).

It does also not provide any financial products or services to mining entities that are producers of coal extracted from Appalachian MTR operations; and to mining entities and that do not have a strategy to exit from thermal coal activities by 2030 for EU and OECD countries and 2040 for the rest of the world. The bank does also not finance mining entities that belong to groups that: produce more than 10 million tons of thermal coal per year, or generate more than 20% of their revenues from thermal coal.

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-07-22 00:00:00

Coal mining - sector policy

2020-07-22 00:00:00
References
2020-7-22

BNP Paribas Close to Adopting Global Exit Policy

2020-7-22 | Reclaim Finance
Citi
2021-03-24
USA
1000
United States
Profile
Project
2
Company
20210324
Last update: 2021-03-24
Explanation

Citigroup provides no project-related financing for new thermal coal mines or expansions of existing mines.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2021-03-15 00:00:00

Environmental and Social Policy Framework out of date

2021-03-15 00:00:00
Commerzbank AG
2021-03-24
DEU
-11
Germany
Profile
Project
7
Company
20210324
Last update: 2021-03-24
Explanation

Commerzbank prohibits direct finance for new coal mines and mountaintop removal (MTR) mines.

Commerzbank prohibits financing for all companies involved in mountaintop removal (MTR) coal mining.

See: Policy scores Excel sheet

Relevant policies
csr policies
2016-07-22 00:00:00

Updated position on coal

2016-07-22 00:00:00
Crédit Agricole
2021-03-24
FRA
999
France
Profile
Project
Company
20210324
Last update: 2021-03-24
Explanation

Crédit Agricole prohibits any support to thermal coal mines.

With regard to companies, Crédit Agricole prohibits financing to coal mine developers starting in 2021.

It also prohibits financing to coal mining companies above 25% of revenues coming from coal if they don't have a coal phase-out plan by 2021.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2019-06-06 00:00:00

Climate strategy out of date

Document in English
2019-06-06 00:00:00
Crédit Mutuel
2021-03-24
FRA
999
France
Profile
Project
Company
20210324
Last update: 2021-03-24
Explanation

Crédit Mutuel prohibits financing for greenfield or brownfield thermal coal mines.

Crédit Mutuel prohibits financing for all coal mine developers and it prohibits financing of companies with more than 20% of revenues from coal, or companies that produce more than 10 Mt of coal a year.

See: Policy scores Excel sheet

Relevant policies
bank documents
2020-02-20 00:00:00

Climate strategy

2020-02-20 00:00:00
csr policiesprivate
2019-05-10 00:00:00

Sector policy - Mining sector out of date

2019-05-10 00:00:00
Credit Suisse Group
2022-05-09
CHE
-11
Switzerland
Profile
Project
2.5
Company
20220509
Last update: 2022-05-09
Explanation

Credit Suisse prohibits direct finance for new greenfield thermal coal mines, and mountaintop removal (MTR) projects.

Credit Suisse will not provide finance or underwriting to mining companies that derive more than 25% of its revenue from thermal coal extraction. However, they make an exception for companies that have a credible transition strategy to diversify away from thermal coal and where the transaction proceeds make a material contribution to this transition. 

Credit Suisse pledged to avoid deep sea mining. It declared that it would not provide any financing for the exploration or extraction of seabed minerals. 

 

Relevant policies
csr policies
2022-04-27 00:00:00

Summary of Credit Suisse’s Sector Policies and Guidelines 2022

2022-04-27 00:00:00
Danske Bank
2021-03-25
DNK
999
Denmark
Profile
Project
Company
20210325
Last update: 2021-03-25
Explanation

Danske Bank does not provide financing for projects expanding thermal coal mining.

Danske Bank does not provide financial services to companies that generate more than 5% of their revenues from thermal coal mining, but may make exceptions for companies that "can demonstrate their commitment, and ability, to phase-out the use and production of fossil fuels in alignment with the 2015 Paris Agreement."

See: Policy scores Excel sheet

Relevant policies
csr policies
2021-03-25 00:00:00

Position Statement on Fossil Fuels

2021-03-25 00:00:00
DBS Bank
2020-03-01
SGP
-10
Singapore
Profile
Project
2.5
Company
20200301
Last update: 2020-03-01
Explanation

DBS prohibits financing for greenfield thermal coal mines.

See: Policy scores Excel sheet

Deutsche Bank
2021-03-24
DEU
1000
Germany
Profile
Project
4
Company
20210324
Last update: 2021-03-24
Explanation

Deutsche Bank will not provide financing for new coal mines or material expansions.

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-07-27 00:00:00

Environmental and Social Policy Framework

2020-07-27 00:00:00
DNB
2021-02-01
NOR
-11
Norway
Profile
Project
Company
20210201
Last update: 2021-02-01
Explanation

DNB does not finance mountaintop removal activities.

DNB does not finance new customers involved in coal extraction projects.

See: Policy scores Excel sheet

Relevant policies
csr policies
2016-12-31 00:00:00

CSR-ESG sector guidance - metals and mining

2016-12-31 00:00:00
csr policies
2019-06-13 00:00:00

Group Standard for Corporate Social Responsibility in DNB ASA's credit activities

2019-06-13 00:00:00
DZ Bank
2021-03-24
DEU
1000
Germany
Profile
Project
Company
20210324
Last update: 2021-03-24
Explanation

DZ Bank prohibits financing for coal mines, including mountain top removal mining.

See: Policy scores Excel sheet

Relevant policies
csr policies
2021-03-15 00:00:00

Sustainable lending policy

2021-03-15 00:00:00
Goldman Sachs
2021-03-24
USA
1000
United States
Profile
Project
Company
9.5
20210324
Last update: 2021-03-24
Explanation

Goldman Sachs's prohibition on financing for "new thermal coal mine development" covers both new mines and expansions of existing mines.

See: Policy scores Excel sheet

Relevant policies
csr policies
2022-01-25 00:00:00

Sector Guidelines: General Industries, Agriculture/Soft Commodities, Metals & Mining, Oil & Gas, Power Generation

Date listed represents date as accessed on website
2022-01-25 00:00:00
HSBC
2021-03-24
GBR
-11
United Kingdom
Profile
Project
Company
8.5
20210324
Last update: 2021-03-24
Explanation

HSBC prohibits financing for new thermal coal mines.

HSBC prohibits financing for new clients dependent on coal mining.

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-02-15 00:00:00

Minings & metals policy

2020-02-15 00:00:00
ING
2021-03-24
NLD
999
Netherlands
Profile
Project
Company
13
20210324
Last update: 2021-03-24
Explanation

ING does not finance new or (expansions of) existing coal mines.

ING excludes financing for companies above a 30% threshold involvement in coal mining, "provided our engagement does not facilitate the restricted activity itself." But the policy allows notable exceptions for application to existing clients.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2019-07-01 00:00:00

Environmental and Social Risk Framework out of date

2019-07-01 00:00:00
Intesa Sanpaolo
2021-07-29
ITA
-11
Italy
Profile
Project
Company
20210729
Last update: 2021-07-29
Explanation

Intesa Sanpaolo will not provide floans to projects aimed at the construction or expansion of new coal mines (namely, "Greenfield Projects"). This applies only to lending, not underwriting.

Intesa Sanpaolo will not provide loans for the purchase of companies operating in the coal mining sector. This applies only to lending, not underwriting.

See: Policy scores Excel sheet

Relevant policies
csr policies
2021-07-29 00:00:00

Rules for lending operations in the coal sector

2021-07-29 00:00:00
JPMorgan Chase
2021-03-24
USA
-11
United States
Profile
Project
8
Company
20210324
Last update: 2021-03-24
Explanation

JPMorgan Chase prohibits financing for new greenfield coal mines only.

JPMorgan Chase prohibits "lending, capital markets or advisory services to companies deriving the majority of their revenues from the extraction of coal." If this revenue threshold were lower than 50%, this policy would be eligible for "moderate exclusion."

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2020-02-25 00:00:00

Environmental and social policy framework out of date

2020-02-25 00:00:00
Lloyds Banking Group
2021-03-24
GBR
999
United Kingdom
Profile
Project
Company
20210324
Last update: 2021-03-24
Explanation

Lloyds Banking Group does not finance thermal coal mines.

Lloyds Banking Group does not establish new commercial banking customers where revenue is derived from operating thermal mines.

See: Policy scores Excel sheet

Mitsubishi UFJ Financial Group (MUFG)
2021-03-24
JPN
-10
Japan
Profile
Project
1
Company
20210324
Last update: 2021-03-24
Explanation

MUFG only prohibits financing for mountaintop removal (MTR) coal mining projects.

See: Policy scores Excel sheet

Mizuho
2021-03-24
JPN
-11
Japan
Profile
Project
0
Company
20210324
Last update: 2021-03-24
Explanation

Mizuho will not provide financing or investment to coal mining projects employing the mountain top removal method.

Mizuho FG is the first Japanese bank to adopt a policy of prohibiting business with new clients whose primary business is coal-fired power generation or thermal coal mining.

See: Policy scores Excel sheet

Relevant policies
csr policies
2022-05-17 00:00:00

Strengthening of Sustainability Actions

2022-05-17 00:00:00
Morgan Stanley
2021-03-24
USA
-10
United States
Profile
Project
2.5
Company
20210324
Last update: 2021-03-24
Explanation

Morgan Stanley excludes direct finance for new coal mines. Morgan Stanley will also not provide financing for mountain top removal coal mines.

See: Policy scores Excel sheet

Relevant policies
csr policies
2019-03-15 00:00:00

Coal and oil & gas policy statements

2019-03-15 00:00:00
National Australia Bank (NAB)
2021-03-24
AUS
-11
Australia
Profile
Project
Company
11
20210324
Last update: 2021-03-24
Explanation

NAB prohibits financing for new thermal coal mining projects, but repeatedly breached its own policy.

NAB prohibits new thermal coal mining clients.

See: Policy scores Excel sheet

Relevant policies
annual reports
2019-09-30 00:00:00

Sustainability report 2019

2019-09-30 00:00:00
Natixis
2021-03-24
FRA
999
France
Profile
Project
Company
14
20210324
Last update: 2021-03-24
Explanation

BPCE/Natixis prohibits financing for greenfield or brownfield thermal coal mines.

BPCE/Natixis does not support companies that develop new capacity in coal-powered electricity generation or thermal coal mining.

BPCE/Natixis also prohibits financing for companies whose activity is greater than 25% thermal coal mining (measured in revenues).

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-10-27 00:00:00

CSR sector policy applicable to the coal industry

2020-10-27 00:00:00
References
2020-10-28

Natixis: one step forward, two steps back on coal

2020-10-28 | Reclaim Finance
NatWest
2021-03-24
GBR
-11
United Kingdom
Profile
Project
Company
20210324
Last update: 2021-03-24
Explanation

NatWest does not finance new thermal coal mines.

NatWest committed to stop lending and underwriting to companies with more than 15% of activities related to coal, unless they have a credible transition plan in line with 2015 Paris Agreement by end of 2021. This commitment could be strengthened with further clarification on what Paris Alignment means.

See: Policy scores Excel sheet

Relevant policies
csr policies
2021-02-23 00:00:00

Approach to climate change

Date listed represents date as accessed on website
2021-02-23 00:00:00
csr policiesprivate
2020-07-31 00:00:00

Mining and metals sector policy out of date

2020-07-31 00:00:00
Nedbank Group
2021-04-22
ZAF
-10
South Africa
Profile
Project
Company
20210422
Last update: 2021-04-22
Explanation

Nedbank does not finance thermal coal mines outside of South Africa. From 2025 onwards, it does not finance new thermal coal mines regardless of jurisdiction.

See: Policy scores Excel sheet

Relevant policies
csr policies
2021-04-22 00:00:00

Energy policy

2021-04-22 00:00:00
Nordea
2021-09-09
FIN
999
Finland
Profile
Project
Company
20210909
Last update: 2021-09-09
Explanation

Nordea does not provide project financing dedicated to thermal coal mining or new thermal coal power plants.

Nordea does not finance or refinance companies with expansion plans for thermal coal or new and pre-construction phase thermal coal activities.

Nordea does not start any new financing relationships with companies having more than 5% of their revenues coming directly from thermal coal, covering coal-fired energy production companies and/or mining companies that are extracting.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2021-09-09 00:00:00

Sector Guideline for the Fossil Fuel based Industries out of date

2021-09-09 00:00:00
OCBC
2020-03-01
SGP
-10
Singapore
Profile
Project
2
Company
20200301
Last update: 2020-03-01
Explanation

OCBC prohibits "new financing of Lignite Coal Mines" only.

See: Policy scores Excel sheet

Relevant policies
csr policies
2019-12-18 00:00:00

Responsible financing

Date listed represents date as accessed on website
2019-12-18 00:00:00
Rabobank
2023-01-27
NLD
1000
Netherlands
Profile
Project
Company
20230127
Last update: 2023-01-27
Explanation

Rabobank prohibits financing for existing or new developments of coal mines, coal trade, coal-fired power plants, acquisition of existing coal-related assets, coal-related infrastructures and specifically designed or exclusively used products and services, and the transport up to the production unit, processing, or refining of coal products (regardless of the absolute threshold in tons).

 

Relevant policies
csr policies
2022-06-09 00:00:00

Global Standard on Sustainable Development

2022-06-09 00:00:00
Royal Bank of Canada (RBC)
2021-03-24
CAN
-11
Canada
Profile
Project
Company
20210324
Last update: 2021-03-24
Explanation

RBC will not finance transactions where the proceeds will be primarily used to develop a new greenfield thermal coal mine or Mountain Top Removal coal mining projects. In this policy, greenfield refers to new plants or mines on land not previously used for that purpose.

RBC will not provide financing to new clients that operate significant thermal coal mining (>60% revenue). RBC will provide financing to new clients that operate some thermal coal mining (≤ 60% revenue) if the client can provide clear evidence that they are reducing their use of coal (e.g. diversifying, retiring assets); and/or reducing their GHG emissions; and/or converting to high-efficiency low emissions technologies. There are no exclusions for existing clients. 

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-09-14 00:00:00

Policy guidelines for sensitive sectors and activitities

2020-09-14 00:00:00
Santander
2021-03-24
ESP
999
Spain
Profile
Project
7
Company
20210324
Last update: 2021-03-24
Explanation

Santander prohibits financing for new, or the expansion of, thermal coal mines.

Santander prohibits financing for "new clients with thermal coal mine projects worldwide."

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2020-01-21 00:00:00

Energy sector policy out of date

2020-01-21 00:00:00
Skandinaviska Enskilda Banken (SEB)
2021-02-01
SWE
999
Sweden
Profile
Project
Company
20210201
Last update: 2021-02-01
Explanation

SEB will not provide financial services to new and existing thermal coal mines.

SEB does not provide financing to companies with a material share of revenues (more than 15%) deriving from thermal coal mining, and makes an exception for German companies.

See: Policy scores Excel sheet

Relevant policies
csr policies
2021-02-23 00:00:00

Sector Policy on Fossil Fuels

2021-02-23 00:00:00
Société Générale
2021-03-24
FRA
999
France
Profile
Project
Company
20210324
Last update: 2021-03-24
Explanation

Société Générale prohibits financing for all thermal coal mining projects.

Société Générale will not finance new companies developing, or planning to develop, new thermal coal mines. From the end of 2021 onwards, Société Générale will refrain from financing any company developing, or planning to develop, new thermal coal mines. Société Générale will also refrain from financing 'Corporate Entities' of the thermal coal mining sector (which are defined as corporate entities directly operating or owning thermal coal mining assets) that are developing or planning to develop thermal coal mining capacity. However, these commitments only apply to majority owners of the asset.

Société Générale prohibits financing to companies deriving more than 20% of their revenues from coal or produce more than 10 Mt of coal annually.

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-07-31 00:00:00

Thermal coal sector policy

2020-07-31 00:00:00
References
2020-7-1

An Accelerated Exit from the Coal Sector

2020-7-1 | Société Générale
2020-7-31

Société Générale releases a misleading coal phase out policy

2020-7-31 | Reclaim Finance
Sparebank 1 SR-Bank
2021-02-01
NOR
999
Norway
Profile
Project
Company
20210201
Last update: 2021-02-01
Explanation

SpareBank 1 SR-Bank does not finance coal mining projects.

SpareBank 1 SR-Bank does not finance companies engaged in the extraction of coal. It is unclear whether a revenue or turnover threshold is applied to identify companies.

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-09-30 00:00:00

Baerekraft i SpareBank 1 SR-Bank

2020-09-30 00:00:00
Standard Chartered
2021-03-24
GBR
-11
United Kingdom
Profile
Project
7.5
Company
20210324
Last update: 2021-03-24
Explanation

Standard Chartered prohibits financing for all new thermal coal mines.

Standard Chartered will gradually phase-out its finance for clients dependent on thermal coal. By 2030, it will only provide finance to companies that are less than 5% dependent on thermal coal. This is a moderate phase-out as the threshold applied is based on % EBITDA at group level, instead of revenues.

See: Policy scores Excel sheet

Sumitomo Mitsui Banking Corporation (SMBC)
2021-03-24
JPN
-10
Japan
Profile
Project
0
Company
20210324
Last update: 2021-03-24
Explanation

SMBC does not provide support for coal mining projects that use the mountaintop removal (MTR) method.

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-04-16 00:00:00

Revision of ESG financing policies

2020-04-16 00:00:00
Svenska Handelsbanken
2021-02-01
SWE
-11
Sweden
Profile
Project
Company
20210201
Last update: 2021-02-01
Explanation

Svenska Handelsbanken does not directly finance new mining of coal.

Svenska Handelsbanken will not start new business relationships with companies that are active coal mining.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2020-05-11 00:00:00

Environment and climate change guidelines out of date

2020-05-11 00:00:00
Swedbank
2021-02-01
SWE
-1
Sweden
Profile
Project
Company
20210201
Last update: 2021-02-01
Explanation

Swedbank will not provide financial services to companies mining and producing coal to more than 5% of its revenue.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2021-01-26 00:00:00

Position Statement Climate Change out of date

2021-01-26 00:00:00
TD
2021-03-24
CAN
-10
Canada
Profile
Project
1
Company
20210324
Last update: 2021-03-24
Explanation

TD prohibits financing for transactions related to mountaintop removal coal mining only.

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-11-03 00:00:00

Non-Retail Environmental and Social Credit Risk Process

2020-11-03 00:00:00
csr policies
2019-06-24 00:00:00

Responsible Financing

Page 17 of TD's CSR report 2018
2019-06-24 00:00:00
UBS
2021-05-03
CHE
999
Switzerland
Profile
Project
8
Company
20210503
Last update: 2021-05-03
Explanation

UBS does not finance new or expansions of existing thermal coal mines.

UBS prohibits financing for companies with any mountaintop removal coal mining operations. Furthermore, UBS only provides financing to existing thermal coal mining companies (>20% revenues) if they have ''a transition plan that aligns with the goals of the Paris Agreement'' or if the transaction relates to ''renewable energy or clean technology''.

See: Policy scores Excel sheet

Relevant policies
csr policies
2021-05-03 00:00:00

Environmental and social risk policy framework 2021

2021-05-03 00:00:00
UniCredit Group
2021-03-24
ITA
999
Italy
Profile
Project
Company
20210324
Last update: 2021-03-24
Explanation

UniCredit excludes all types of banking services aimed at a coal-related project activity, regardless of any other consideration. This includes finance for new coal mines, existing coal mines and the expansion of coal mines.

UniCredit does not provide any financial services to coal-related subjects (defined as all the companies/subjects operating in coal-fired power generation area + the thermal coal mining area) that expand the coal business (e.g. by expanding existing coal capacity or buying/building new production sites).

UniCredit will also not provide any banking services to coal-related subjects (including subsidiaries) that get more than 25% of their current revenues in the coal business. From end 2021 onwards, companies also need to have a credible plan in place phasing out their coal business by 2028.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2020-08-31 00:00:00

Coal sector global policy out of date

2020-08-31 00:00:00
References
2020-9-9

UniCredit becomes the first non-French financial institution to adopt a high-quality coal policy

2020-9-9 | Reclaim Finance
United Overseas Bank
2020-03-01
SGP
-10
Singapore
Profile
Project
2.5
Company
20200301
Last update: 2020-03-01
Explanation

UOB prohibits financing of greenfield thermal coal mines.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2019-12-18 00:00:00

Approach to material ESG factors

Link does not work
2019-12-18 00:00:00
US Bancorp
2021-03-24
USA
-10
United States
Profile
Project
6
Company
20210324
Last update: 2021-03-24
Explanation

US Bank prohibits financing for new coal mines only.

See: Policy scores Excel sheet

Relevant policies
csr policies
2020-02-11 00:00:00

Environmental responsibility policy

2020-02-11 00:00:00
Wells Fargo
2021-03-24
USA
1000
United States
Profile
Project
2.5
Company
20210324
Last update: 2021-03-24
Explanation

Wells Fargo does not directly finance any project associated with the expansion of an existing or development of a new coal mine.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2021-01-08 00:00:00

Environmental and social risk management (includes policy on sensitive industries and companywide policy restrictions and prohibitions) out of date

Date listed represents date as accessed on website
2021-01-08 00:00:00
csr policiesprivate
2018-06-30 00:00:00

Environmental and Social Risk Management Framework out of date

2018-06-30 00:00:00
Westpac
2021-03-24
AUS
-11
Australia
Profile
Project
5
Company
20210324
Last update: 2021-03-24
Explanation

Westpac limits its support for thermal coal mines or projects to existing basins by maintaining the following quality criteria: average calorific value on a Gross As Received basis must be at least 5,700 kCal/kg for existing mines; and at least 6,300 kCal/kg Gross As Received for new mines.

Westpac prohibits lending to new thermal coal customers, with thermal coal customers defined as those generating more than 25% of revenues from thermal coal.

See: Policy scores Excel sheet

Relevant policies
csr policiesprivate
2020-05-04 00:00:00

Climate Change Position Statement and 2023 Action Plan out of date

2020-05-04 00:00:00
Explanation

This table lists banks that have adopted a full ( ) or partial ( ) exclusion policy for coal mining projects and/or companies. Click on 'Details' for the rationale of this assessment for each bank.

Coal Policy Tool

Our work partners at Reclaim Finance have developed this Coal Policy Tool to analyse the quality of coal policies of banks and other financial institutions, providing further detail on strengths and weaknesses of specific policies.

 

Feedback welcome

Our policy assessments are always a work in progress and we very much welcome any feedback, especially from banks included in them. You can of course also contact us for more information on specific scores and the latest policy changes. Please get in touch at climate@banktrack.org.

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Type:
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Standard Chartered and Barclays fund Adani’s coal mining subsidiary

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external news
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NGOs release the 2021 Global Coal Exit List: 1000 companies driving the world towards climate chaos

49% of the companies on the 2021 GCEL still developing new coal assets. Less than 5% of companies on the list have announced a coal exit date.
2021-10-07 | Berlin | urgewald
blog
external news
our news

Bank of China to stop financing new coal mining, power projects overseas from Q4

2021-09-24 | Reuters
blog
external news
our news

Commerzbank, Citi and Bank of America among banks issuing new deal for Russian coal giant SUEK just two months before COP26

Russia's largest coal producer SUEK plans to expand its coal mining and has mandated nine banks for a bond issuance
2021-09-09 | BankTrack, urgewald
blog
external news
our news

Coal projects in Asia face dwindling financing as climate pressure mounts

2021-08-02 | The Wall Street Journal
blog
external news
our news

Intesa Sanpaolo adopts a disappointing new policy on coal and unconventional oil & gas

Last Tuesday, Italia's largest bank released its updated policy on fossil fuel financing, Greenpeace Italy and ReCommon react with disappointment
2021-07-28 | Rome | Greenpeace Italy, ReCommon
blog
external news
our news

The City of London, home of coal finance

Just six months before it hosts the crucial COP26 summit, the UK’s climate leadership has been called into question by a damning new report from Reclaim Finance
2021-05-04 | urgewald, Reclaim Finance
blog
external news
our news

Anglo American to demerge South African coal assets

2021-04-08 | Financial Times
blog
external news
our news

Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016
2021-03-24 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
blog
external news
our news

Maules Creek Mine: 'Massive' 455m Whitehaven Coal's soil pile would pollute air, claim residents

2021-03-14 | The Northern Daily Leader
blog
external news
our news

Shareholder campaign secures HSBC coal phase-out

USD 2.4 trillion investor coalition led by ShareAction secures landmark climate commitments from HSBC
2021-03-11 | London | ShareAction
blog
external news
our news

Coal India approves 32 mining projects worth Rs 47,300 crore this fiscal

2021-03-08 | Money Control
blog
external news
our news

Groundbreaking research reveals the financiers of the coal industry

Today, Urgewald & partners published an analysis of the financiers & investors behind the entire coal industry for the 1st time. One of the shocking results was that banks provide more money to coal than in 2016.
2021-02-25 | urgewald, Reclaim Finance
blog
external news
our news

Anglo American hires banks to prepare S.Africa coal spin-off

2021-01-28 | Nasdaq
blog
external news
our news

NGOs release the 2020 Global Coal Exit List

935 companies that banks, investors and insurers need to avoid
2020-11-12 | Berlin | urgewald
blog
external news
our news

ANZ commits to exit thermal coal, but rewards climate-destructive companies

2020-10-29 | Market Forces
blog
external news
our news

Natixis: one step forward, two steps back on coal

2020-10-28 | Reclaim Finance
blog
external news
our news

RBC announces new restrictions on financing coal, oil developments

2020-10-02 | Global News
blog
external news
our news

Give us back our water and homes: communities stand up to greedy coal

2020-09-25 | Germany, Poland
blog
external news
our news

Société Générale releases a misleading coal phase out policy

(erratum added)
2020-07-31 | Reclaim Finance
blog
external news
our news

Deutsche Bank’s new policies: much needed movement, still a long way to Paris

2020-07-27 | Berlin, Frankfurt | urgewald
blog
external news
our news

BNP Paribas close to adopting global coal exit policy

2020-07-22 | Paris | Friends of the Earth France, Reclaim Finance
blog
external news
our news

Will Vietnam’s new energy policy mark a turning point for coal?

2020-07-22 | Eco-Business
blog
external news
our news

European banks accused of propping up coal polluters

2020-07-15 | London | Financial Times
blog
external news
our news

Will China continue to bank on coal?

2020-06-01 | Dry Cargo International
blog
external news
our news

Morgan Stanley next major US bank to rule out financing Arctic oil & gas

The new policy update also excludes financing new thermal coal mines and coal-fired power plants as well as a commitment to phase out financing of thermal coal mining companies.
2020-04-24 | New York | Ben Cushing, Sierra Club
blog
external news
our news

Japan’s 2nd largest bank – Mizuho – announces strictest ESG policies to date in Japan

Japan’s 2nd largest bank – Mizuho – adopts NDPE criteria for forest sector clients and announces strictest ESG policies to date in Japan – This puts the bank well ahead of its competitors SMBC & MUFG
2020-04-22 | Forests & Finance
blog
external news
our news

Banking on Climate Change – Fossil Fuel Finance Report Card 2020

New report reveals global banks funneled USD 2.7 trillion into fossil fuels Since Paris Climate Agreement, with financing on the rise each year 
2020-03-18 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
blog
external news
our news

Standard Bank’s coal policy fails to provide meaningful leadership on the climate crisis

2020-03-12 | Life After Coal/Impilo Ngaphandle Kwamalahle
blog
external news
our news

Standard Chartered announces exit from three coal plant projects and phase-out of corporate support for coal

2019-12-17 | London, UK | BankTrack, Market Forces
blog
external news
our news

Goldman Sachs adopts strongest fossil finance policy by a major US Bank

Bank rules out thermal coal and Arctic oil projects, commits to exit coal mining
2019-12-15 | San Francisco | Rainforest Action Network
blog
external news
our news

Banks warned that deficient fossil fuel policies are accelerating climate crisis

2019-12-12 | Madrid | BankTrack
blog
external news
our news

UniCredit urged to do the final ‘right thing’ and drop the coal barons

2019-11-27 | Rome, Italy | BankTrack, ReCommon
blog
external news
our news

NGOs release updated Global Coal Exit List for finance industry

2019-09-19 | Berlin | urgewald
blog
external news
our news

Commonwealth Bank of Australia out of thermal coal by 2030

New fossil fuel projects must prove carbon compliance
2019-08-07 | Melbourne, Australia | Market Forces
blog
external news
our news

Crédit Agricole gets real on coal, but oil & gas restrictions must follow, says BankTrack

2019-06-06 | Paris, France | BankTrack
blog
external news
our news

Banking on Climate Change – Fossil Fuel Finance Report Card 2019

World's top banks have poured $1.9 trillion into fossil fuel financing since the Paris Agreement was adopted, with financing on the rise each year
2019-03-20 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
blog
external news
our news

Every two weeks a bank, insurer or lender announces new coal restrictions

Major financial institutions restricting coal funding tops 100
2019-02-27 | IEEFA
blog
external news
our news

Greenpeace Japan calls for a more meaningful and clearer coal investment policy at MUFG AGM

2018-06-28 | Tokyo | Greenpeace Japan
blog
external news
our news

HSBC moves on tar sands, but fails the coal test

2018-04-20 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Umweltschützer: Bankensektor entfernt sich vom Kohleausstieg

2018-03-28 | energate messenger
blog
external news
our news

European NGOs challenge Banco Santander climate policy at Annual Meeting

IIDMA questions Banco Santander's climate policy and requested clarification on its financing of coal companies in Poland
2018-03-23 | Madrid | BankTrack, Foundation Development YES Open-Pit Mines NO, IIDMA, ShareAction
blog
external news
our news

Danske Invest makes huge expansion in exclusion efforts

2018-02-28 | Citywire Selektor
blog
external news
our news

One Planet Summit: A round up of new fossil fuel policy announcements

2017-12-21 | Yann Louvel – BankTrack
blog
external news
our news

Comment: Vietnam’s coal decision is the Paris Agreement in action

2016-01-15 | Unearthed
blog
external news
our news

BNP Paribas and Société Générale move away from coal – but not far enough

2015-11-19 | BankTrack and Les Amis de la Terre
blog
external news
our news

Indigenous Australians call on Standard Chartered not to fund coal mine project

2015-06-12
blog
external news
our news

Banks invest record €66bn in coal sector

2014-10-30 | RTCC - Responding To Climate Change
blog
external news
our news

Carmichael Coal Mine: Unacceptable Impacts on Major Rivers and Groundwater

2013-12-08 | Lock the Gate Alliance
blog
external news
our news

Banking on Coal – Undermining our Climate

NGOs reveal top 20 international banks financing the coal mining industry
2013-11-15 | Warsaw | BankTrack, Urgewald
blog
external news
our news

Is Bank of America really a corporate sustainability leader?

2013-09-16 | GreenBiz
blog
external news
our news

“Sustainable” badge for Bank of America stretches credibility of Dow Jones Sustainability Index

2013-09-13 | Nijmegen | BankTrack
blog
external news
our news

Rabobank, Storebrand Dump Fossil Fuel Companies

2013-07-08 | Environmental Leader
blog
external news
our news

Norwegian pension fund divests from ‘financially worthless’ fossil fuel firms

2013-07-05 | Blue and Green Tomorrow
blog
external news
our news

Investor Alert: GVK's US$10 billion Australian coal project uneconomic, an unacceptable risk

Finanial analysis of GVK Alpha Coal Project in Queensland's Galilee Basin concludes
2013-06-19 | Sydney | Greenpeace
blog
external news
our news

93 banks, 31 mining companies – coal financing exposed

2012-01-25 | Berlin | Heinrich Boll Stiftung
blog
external news
our news

Bankrolling Climate Change

NGOs present groundbreaking research on banks’ involvement in coal financing
2011-11-30 | Durban | urgewald, Earthlife, BankTrack and groundWork
blog
external news
our news

Coal study names top 20 'climate killer' banks

2011-11-30 | The Guardian
blog
external news
our news

Bankrolling Climate Change: New study ranks top 20 Climate Killer banks

2011-11-30 | Durban | commondreams.org
blog
external news
our news

RBS ‘bankrolling climate change’, says campaign group

2011-11-30 | Durban | Deadline news
blog
external news
our news

Top banks branded 'climate killers' for financing coal plants

2011-11-30 | Durban | Business Green
blog
external news
our news

Banktrack says BofA and Wells Fargo are killing the climate

2011-11-30 | Durban | clclt.com
blog
external news
our news

Carbon credits for India coal power plant stoke criticism

2011-07-12 | Singapore | Reuters
blog
external news
our news

BankTrack calls upon banks to help fight runaway climate change

New position paper outlines hard choices banks must make if they wish to be part of the solution to the climate crisis
2009-12-10 | Nijmegen, Netherlands | BankTrack

Documents

Type:
Year:
ngo documents
2021-06-04 00:00:00

Deep Trouble

Tracking global coal mine proposals
2021-06-04 00:00:00 | Global Energy Monitor, Oxpeckers
ngo documents
2021-05-04 00:00:00

City of Coal

The Climate Crimes of UK Finance
2021-05-04 00:00:00 | Reclaim Finance and Urgewald
ngo documents
2020-10-27 00:00:00

Complicity in Destruction III

2020-10-27 00:00:00 | APIB and Amazon Watch
csr policies
2021-03-26 00:00:00

Garanti BBVA will stop financing coal in Turkey in 2040

2021-03-26 00:00:00 | Garanti BBVA
our publications
2021-03-24 00:00:00

Banking on Climate Chaos 2021

Fossil Fuel Finance Report
2021-03-24 00:00:00 | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club
bank documents
2021-02-22 00:00:00

Santander Group sets ambition to be net zero by 2050, supported by first decarbonization targets

2021-02-22 00:00:00 | Banco Santander
other documents
2020-12-22 00:00:00

Coal 2020

Analysis and forecast to 2025
2020-12-22 00:00:00 | International Energy Agency (IEA)
ngo documents
2020-12-18 00:00:00

Pollution of land, surface and groundwater near the slag and ash disposal site of Tuzla thermal power plant

2020-12-18 00:00:00 | CEE Bankwatch Network and Europe Beyond Coal
our publications
2020-07-15 00:00:00

Fool's Gold

The financial institutions risking our renewable energy future with coal
2020-07-15 00:00:00 | Europe Beyond Coal, BankTrack, BlackRock’s Big Problem, Ember, Fundacja "Rozwój TAK - Odkrywki NIE”, Friends of the Earth Finland, Friends of the Earth France, Greenpeace, Reclaim Finance, Re:Common, ShareAction, Urgewald, 350 Japan
our publications
2020-03-18 00:00:00

Banking on Climate Change - Fossil Fuel Finance Report 2020

2020-03-18 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club
other documents
2020-03-18 00:00:00

Banking on Climate Change - Fossil Finance Report Card 2020 [Excel sheet]

Excel sheet with detailed bank policy scores
2020-03-18 00:00:00 | BankTrack, Rainforest Action Network, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club
our publications
2019-12-05 00:00:00

The UK's dirty coal secret

$26 billion support from big four banks for international companies planning coal fleet 16 times the size of current UK capacity
2019-12-05 00:00:00 | BankTrack, urgewald, 350.org
our publications
2019-11-14 00:00:00

Exiting coal. Is the French finance industry on its way?

2019-11-14 00:00:00 | BankTrack, Unfriend Coal
ngo documents
2019-06-10 00:00:00

Phasing out coal: Crédit Agricole leads by example

Other financial institutions lag behind
2019-06-10 00:00:00 | Friends of the Earth France
our publications
2019-03-20 00:00:00

Banking on Climate Change 2019

2019 Fossil Fuel Finance Report Card
2019-03-20 00:00:00 | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
ngo documents
2018-10-17 00:00:00

No exceptions

Why HSBC’s new coal policy could fuel climate change
2018-10-17 00:00:00 | Christian Aid
ngo documents
2017-09-25 00:00:00

Banks: High Carbon, Hidden Risks

2017-09-25 00:00:00 | Rainforest Action Network
our publications
2017-05-08 00:00:00

ING Coal Bank Briefing 2017

2017-05-08 00:00:00 | BankTrack
our publications
2017-06-21 00:00:00

Banking on Climate Change 2017

Fossil Fuel Finance Report Card 2017
2017-06-21 00:00:00 | Rainforest Action Network, BankTrack, Sierra Club, Oil Change International
our publications
2017-05-04 00:00:00

UBS Fossil Bank Briefing 2017

2017-05-04 00:00:00 | BankTrack, Greenpeace, Waterkeeper Alliance
our publications
2017-04-28 00:00:00

Credit Suisse Fossil Bank Briefing 2017

2017-04-28 00:00:00 | BankTrack and Greenpeace
other documents
2015-11-02 00:00:00

Beginning of the lignite bust in Poland

2015-11-02 00:00:00 | Michal Wilczynski
our publications
2016-11-14 00:00:00

Still Coughing Up For Coal

Big Banks After the Paris Agreement
2016-11-14 00:00:00 | BankTrack, Rainforest Action Network, Friends of the Earth France, urgewald, Market Forces
our publications
2016-06-14 00:00:00

Shorting the Climate

Fossil Fuel Finance Report Card 2016
2016-06-14 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club, Oil Change International
our publications
2016-05-19 00:00:00

Crédit Agricole Coal Bank Briefing 2016

2016-05-19 00:00:00 | BankTrack, Les Amis de la Terre France
ngo documents
2016-02-22 00:00:00

Indonesian Coal Market Update

Regulatory Crackdown on Coal Mining
2016-02-22 00:00:00 | Greenpeace
correspondence
2015-12-18 00:00:00

Letter from The Co-operative Bank to BankTrack on signing the Paris Pledge

2015-12-18 00:00:00 | The Co-operative Bank
our publications
2015-12-02 00:00:00

The Coal Test: Where Banks Stand on Climate at COP 21

2015-12-02 00:00:00 | Rainforest Action Network, BankTrack, Friends of the Earth-France, urgewald
correspondence
2015-11-26 00:00:00

Letter from Cultura Bank to BankTrack on signing the Paris Pledge

2015-11-26 00:00:00 | Cultura Bank
correspondence
2015-11-23 00:00:00

Letter from Sparda Bank to BankTrack on signing the Paris Pledge

2015-11-23 00:00:00 | Sparda Bank
correspondence
2015-11-19 00:00:00

Letter from Ecology Building Society to BankTrack on signing the Paris Pledge

2015-11-19 00:00:00 | Ecology Building Society
correspondence
2015-11-17 00:00:00

Letter from NewB to BankTrack on signing the Paris Pledge

2015-11-17 00:00:00 | NewB
correspondence
2015-11-15 00:00:00

Letter from Triodos Bank to BankTrack on signing the Paris Pledge

2015-11-15 00:00:00 | Triodos Bank
correspondence
2015-11-11 00:00:00

Letter from JAK Medlemsbank to BankTrack on signing the Paris Pledge

2015-11-11 00:00:00 | JAK Medlemsbank
correspondence
2015-11-11 00:00:00

Letter from Folkesparekassen to BankTrack on signing the Paris Pledge

2015-11-11 00:00:00 | Folkesparekassen
correspondence
2015-11-11 00:00:00

Letter from ProCredit Bank to BankTrack on signing the Paris Pledge

2015-11-11 00:00:00 | ProCredit Bank
correspondence
2015-10-12 00:00:00

Letter from Alternative Bank Schweiz to BankTrack on signing the Paris Pledge

2015-10-12 00:00:00 | Alternative Bank Schweiz
correspondence
2015-10-09 00:00:00

Letter from Beneficial State Bank to BankTrack on signing the Paris Pledge

2015-10-09 00:00:00 | Beneficial State Bank
correspondence
2015-10-08 00:00:00

Letter from Merkur Bank to BankTrack on signing the Paris Pledge

2015-10-08 00:00:00 | Merkur Bank
correspondence
2015-10-05 00:00:00

Letter from La Nef to BankTrack on signing the Paris Pledge

2015-10-05 00:00:00 | La Nef
ngo documents
2015-10-05 00:00:00

Financing Climate Chaos

How Minnesota’s Banking Giants Prioritize Profit in the Face of Climate Change
2015-10-05 00:00:00 | MN 350
correspondence
2015-09-22 00:00:00

Letter from GLS to BankTrack on signing the Paris Pledge

2015-09-22 00:00:00 | GLS
correspondence
2015-09-03 00:00:00

Letter from ASN Bank to BankTrack on signing the Paris Pledge

2015-09-03 00:00:00 | ASN Bank
correspondence
2015-08-27 00:00:00

Letter from Ekobanken to BankTrack on signing the Paris Pledge

2015-08-27 00:00:00 | Ekobanken
correspondence
2015-08-24 00:00:00

Letter from New Resource Bank to BankTrack on signing the Paris Pledge

2015-08-24 00:00:00 | New Resource Bank
correspondence
2015-08-11 00:00:00

Letter from EthikBank to BankTrack on signing the Paris Pledge

2015-08-11 00:00:00 | EthikBank
correspondence
2015-08-10 00:00:00

Letter from Banco FIE to BankTrack on signing the Paris Pledge

2015-08-10 00:00:00 | Banco FIE
correspondence
2015-07-23 00:00:00

Letter from UmweltBank to BankTrack on signing the Paris Pledge

2015-07-23 00:00:00 | UmweltBank
our publications
2015-06-08 00:00:00

Standard Chartered's involvement in the Carmichael coal mine would be 'non-standard' and 'unchartered', on the bank's own terms

2015-06-08 00:00:00 | BankTrack
our publications
2015-05-21 00:00:00

Deutsche Bank Coal Bank Briefing 2015

2015-05-21 00:00:00 | BankTrack
our publications
2015-05-20 00:00:00

Crédit Agricole Coal Bank Briefing 2015

French version
2015-05-20 00:00:00 | BankTrack, Friends of the Earth France
our publications
2015-05-20 00:00:00

Crédit Agricole Coal Bank Briefing 2015

English version
2015-05-20 00:00:00 | BankTrack, Friends of the Earth France
our publications
2015-05-19 00:00:00

Société Générale Coal Bank Briefing 2015

English version
2015-05-19 00:00:00 | BankTrack, Les Amis de la Terre
our publications
2015-05-19 00:00:00

Société Générale Coal Bank Briefing 2015

French version
2015-05-19 00:00:00 | BankTrack, Les Amis de la Terre
our publications
2015-05-13 00:00:00

BNP Paribas Coal Bank Briefing 2015

English version
2015-05-13 00:00:00 | BankTrack, Les Amis de la Terre
our publications
2015-05-04 00:00:00

The end of coal?

2015 Coal Finance Report Card
2015-05-04 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club
our publications
2015-04-16 00:00:00

Coal Market Update April 2015

Depressed market see utilities phase out coal and miners cut production
2015-04-16 00:00:00 | Greenpeace, BankTrack
our publications
2014-12-16 00:00:00

Coal Market Update December 2014

Spinning off risky coal assets increasing in momentum
2014-12-16 00:00:00 | Greenpeace, BankTrack
our publications
2014-10-29 00:00:00

Banking on Coal 2014

2014-10-29 00:00:00 | BankTrack
our publications
2014-09-23 00:00:00

Coal Market Update September 2014

Uncertain Markets as Corruption Stories Break Around the World
2014-09-23 00:00:00 | Greenpeace, BankTrack
our publications
2014-07-11 00:00:00

Coal Market Update July 2014

Supply glut continues to weigh on prices
2014-07-11 00:00:00 | Greenpeace, BankTrack
our publications
2014-04-17 00:00:00

Coal Finance Report Card 2014

Extreme Investments; Extreme Consequences
2014-04-17 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
our publications
2014-03-03 00:00:00

Coal Market Update March 2014

Another chapter of Beijing air pollution saga; coal protests continue in India and Australia
2014-03-03 00:00:00 | Greenpeace, BankTrack
ngo documents
2013-11-26 00:00:00

Remote Prospects

A financial analysis of Adani's coal gamble in Australia's Galilee Basin
2013-11-26 00:00:00 | IEEFA, Greenpeace Australia Pacific
our publications
2013-11-21 00:00:00

Coal Market Update November 2013

Britain and UN weigh in on coal debate in Warsaw
2013-11-21 00:00:00 | Greenpeace, BankTrack
other documents
2013-11-19 00:00:00

Warsaw – Day 8: King Coal gets a kicking

2013-11-19 00:00:00 | Eco Business
other documents
2013-11-19 00:00:00

UK banks are coal's biggest lenders

2013-11-19 00:00:00 | World Coal
other documents
2013-11-18 00:00:00

Top 20 banks ‘bankrolling’ coal mining sector

2013-11-18 00:00:00 | Mining People Environment
other documents
2013-11-17 00:00:00

COP19: Heffa Schücking on banks! role in coal boom

2013-11-17 00:00:00 | Climate Change TV
our publications
2013-11-15 00:00:00

Banking on Coal

2013-11-15 00:00:00 | urgewald, BankTrack, CEE Bankwatch Network, Polska Zielona Sieć
other documents
2013-11-14 00:00:00

W"glowa bankowo#$ – kosztem ludzi, #rodowiska i klimatu

2013-11-14 00:00:00 | Dla Klimatu
ngo documents
2013-10-01 00:00:00

Glencore Xstrata – the birth of a mining monster

Briefing paper
2013-10-01 00:00:00 | London Mining Network
ngo documents
2013-09-30 00:00:00

Banking while Borneo burns

How the UK financial sector is bankrolling Indonesia's fossil fuel boom
2013-09-30 00:00:00 | World Development Movement
ngo documents
2013-09-23 00:00:00

Coal India: Running on Empty?

2013-09-23 00:00:00 | Greenpeace India
our publications
2013-09-23 00:00:00

Coal Market Update September 2013

Governments and international financial institutions waking up to the dangers of coal investments
2013-09-23 00:00:00 | Greenpeace, BankTrack
ngo documents
2013-08-14 00:00:00

Coal India investor brief

High risk, low return
2013-08-14 00:00:00 | Greenpeace
ngo documents
2013-07-23 00:00:00

Thirsty Coal 2

Shenua's Water Grab
2013-07-23 00:00:00 | Greenpeace East Asia
our publications
2013-07-23 00:00:00

Coal Market Update July 2013

Low prices take their toll on coal firms
2013-07-23 00:00:00 | Greenpeace, BankTrack
ngo documents
2013-06-01 00:00:00

Stranded

A Financial analysis of GVK’s proposed Alpha Coal Project in Australia’s Galilee Basin
2013-06-01 00:00:00 | IEEFA, Greenpeace Australia Pacific
our publications
2013-05-16 00:00:00

Coal Market Update May 2013

Coal market continues to underperform
2013-05-16 00:00:00 | Greenpeace, BankTrack
ngo documents
2013-05-02 00:00:00

Financing Reef Destruction

How banks are using our money to destroy a natural icon
2013-05-02 00:00:00 | Market Forces
ngo documents
2013-05-01 00:00:00

The Cerrejón mine - Coal exploitation in Colombia

2013-05-01 00:00:00 | World Development Movement
our publications
2013-04-29 00:00:00

Coal Finance Report Card 2013

Extreme investments - US Banks and the Coal Industry
2013-04-29 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
our publications
2013-03-07 00:00:00

Coal Risk Update March 2013

Arch Coal, Blair Mountain, and Bank Human Rights Commitments
2013-03-07 00:00:00 | Rainforest Action Network, BankTrack
our publications
2013-03-04 00:00:00

Coal Market Update March 2013

No signs of a coal rebound in 2013
2013-03-04 00:00:00 | Greenpeace, BankTrack
our publications
2013-02-05 00:00:00

Coal Risk Update February 2013

Selenium Risk at Alpha Natural Resources’s Mountaintop Removal Mines
2013-02-05 00:00:00 | Rainforest Action Network, BankTrack
our publications
2012-12-19 00:00:00

Coal Market Update December 2012

What does Doha mean for the future of coal?
2012-12-19 00:00:00 | Greenpeace, BankTrack
our publications
2012-10-23 00:00:00

Coal Market Update October 2012

Where will the water come from?
2012-10-23 00:00:00 | Greenpeace, BankTrack
ngo documents
2012-09-01 00:00:00

Equator Principles and the Alpha Coal Project

2012-09-01 00:00:00 | Greenpeace Australia Pacific
ngo documents
2012-08-14 00:00:00

Thirsty Coal

A Water Crisis Exacerbated by China's New Mega Coal Power Bases
2012-08-14 00:00:00 | Greenpeace East Asia
ngo documents
2012-08-01 00:00:00

Coal financing - what the KfW prefers to keep under wraps

2012-08-01 00:00:00 | urgewald
our publications
2012-07-30 00:00:00

Coal Market Update July 2012

Volatile thermal coal prices and environmental risks make export projects unattractive
2012-07-30 00:00:00 | Greenpeace, BankTrack
ngo documents
2012-07-11 00:00:00

Rio Tinto: a record fit for the Olympics?

Rio Tinto briefing July 2012
2012-07-11 00:00:00 | London Mining Network
our publications
2012-05-14 00:00:00

Coal Market Update May 2012

Growing uncertainty for medium term coal export market: Are assumptions behind coal export projects sound?
2012-05-14 00:00:00 | Greenpeace, BankTrack
our publications
2012-05-01 00:00:00

Coal Finance Report Card 2012

Dirty Money, U.S. Banks at theBottom of the Class
2012-05-01 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
ngo documents
2012-01-01 00:00:00

BHP Billiton Dirty Deeds

Alternative Annual Report 2012
2012-01-01 00:00:00 | London Mining Network, Mineral Policy Institute
our publications
2011-11-30 00:00:00

Bankrolling climate change

A look into the portfolios of the world`s largest banks
2011-11-30 00:00:00 | urgewald, BankTrack, Groundwork
ngo documents
2011-11-15 00:00:00

Bank of America: Risking Public Health and the Climate

2011-11-15 00:00:00 | Rainforest Action Network
bank documents
2011-10-24 00:00:00

Financing New Coal-Fired Power Plants

Guidance Note
2011-10-24 00:00:00 | The Climate Group
ngo documents
2011-09-01 00:00:00

Why Coal Projects in the CDM undermine Climate Goals

2011-09-01 00:00:00 | CDM Watch and Sierra Club
ngo documents
2011-06-01 00:00:00

White Paper: Financial Risks of Investments in Coal

2011-06-01 00:00:00 | As You Sow
our publications
2011-04-05 00:00:00

Policy and Practice

2011 report card on banks and mountaintop removal
2011-04-05 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club
ngo documents
2011-03-21 00:00:00

Dirty Money - Corporate greenwash and RBS coal finance

2011-03-21 00:00:00 | Platform
ngo documents
2011-01-21 00:00:00

The Principle Matter - Banks, Climate and the Carbon Principles

2011-01-21 00:00:00 | Rainforest Action Network
ngo documents
2010-09-07 00:00:00

Australian banks financing coal and renewable energy

2010-09-07 00:00:00 | Profundo for Greenpeace Australia Pacific
ngo documents
2010-06-02 00:00:00

Bankers on Tenterhooks

Climate change: co-funded by banks operating in Belgium
2010-06-02 00:00:00 | Netwerk Vlaanderen
our publications
2010-05-13 00:00:00

Policy and Practice: report card on banks and mountaintop removal

2010-05-13 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
ngo documents
2010-05-01 00:00:00

An introduction to Anglo American plc

2010-05-01 00:00:00 | London Mining Network
correspondence
2010-04-14 00:00:00

Letter from RAN, Sierra Club, BankTrack to Citigroup on Mountaintop Removal

2010-04-14 00:00:00 | RAN, Sierra Club, BankTrack
our publications
2009-12-10 00:00:00

A challenging climate 2.0

What banks must do to combat climate change
2009-12-10 00:00:00 | BankTrack
our publications
2009-03-01 00:00:00

Meek Principles for a Tough Climate

Why the Climate and Carbon Principles will not stop the melting of the ice
2009-03-01 00:00:00 | BankTrack
ngo documents
2008-08-01 00:00:00

Cashing in on coal: RBS, UK banks and the global coal industry

2008-08-01 00:00:00 | Platform
our publications
2007-12-12 00:00:00

A Challenging Climate

What international banks should do to combat climate change
2007-12-12 00:00:00 | BankTrack
ngo documents
2007-10-24 00:00:00

The biggest cause of climate change: Coal-fired power plants

2007-10-24 00:00:00 | Rainforest Action Network (RAN)
ngo documents
2007-07-12 00:00:00

The dirty truth about clean coal

2007-07-12 00:00:00 | RAN

Media

Banking on Coal - Charts & Maps

Links

RWE set to destroy more villages in order to dig up more lignite

https://twitter.com/AlleDoerfer/status/1291357829652193280
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